According to the U.S. Bureau of Labor Statistics, prices for cigarettes are 539.91% higher in 2024 versus 1997 (a $27 difference in value).
Between 1997 and 2024: Cigarettes experienced an average inflation rate of 7.12% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 1997 would cost $32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for cigarettes was significantly higher.
Below are calculations of equivalent buying power for Cigarettes, over time, for $5 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $5.00 | - |
| 1998 | $5.49 | 9.79% |
| 1999 | $7.19 | 30.95% |
| 2000 | $7.99 | 11.21% |
| 2001 | $8.63 | 7.90% |
| 2002 | $9.38 | 8.80% |
| 2003 | $9.52 | 1.45% |
| 2004 | $9.67 | 1.60% |
| 2005 | $10.17 | 5.17% |
| 2006 | $10.52 | 3.40% |
| 2007 | $11.24 | 6.85% |
| 2008 | $11.95 | 6.30% |
| 2009 | $14.87 | 24.45% |
| 2010 | $16.45 | 10.65% |
| 2011 | $17.00 | 3.34% |
| 2012 | $17.38 | 2.21% |
| 2013 | $17.86 | 2.75% |
| 2014 | $18.42 | 3.18% |
| 2015 | $19.00 | 3.13% |
| 2016 | $19.67 | 3.56% |
| 2017 | $20.91 | 6.30% |
| 2018 | $21.74 | 3.97% |
| 2019 | $22.85 | 5.09% |
| 2020 | $24.08 | 5.37% |
| 2021 | $25.90 | 7.59% |
| 2022 | $27.83 | 7.44% |
| 2023 | $29.71 | 6.75% |
| 2024 | $32.00 | 7.70%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cigarettes:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 109.792 | 143.769 | 159.885 | 172.515 | 187.692 | 190.408 | 193.454 | 203.462 | 210.369 | 224.787 | 238.951 | 297.381 | 329.046 | 340.026 | 347.536 | 357.104 | 368.444 | 379.982 | 393.495 | 418.274 | 434.883 | 457.011 | 481.555 | 518.090 | 556.619 | 594.187 | 639.910 |