Cigarettes price inflation, 1998→2023

Cigarettes Inflation Calculator

Prices for Cigarettes, 1998-2023 ($5)

According to the U.S. Bureau of Labor Statistics, prices for cigarettes are 437.19% higher in 2023 versus 1998 (a $21.86 difference in value).

Between 1998 and 2023: Cigarettes experienced an average inflation rate of 6.96% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 1998 would cost $26.86 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for cigarettes was significantly higher.

In the year 1998: Pricing changed by 9.79%, which is above the average yearly change for cigarettes during the 1998-2023 time period. Compared to inflation for all items in 1998 (1.55%), inflation for cigarettes was much higher.

Price Inflation for Cigarettes since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1999 (30.95%), 2009 (24.45%), and 2000 (11.21%).

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Buying power of $5.00 since 1998

Below are calculations of equivalent buying power for Cigarettes, over time, for $5 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1998	$5.00	9.79%
1999	$6.55	30.95%
2000	$7.28	11.21%
2001	$7.86	7.90%
2002	$8.55	8.80%
2003	$8.67	1.45%
2004	$8.81	1.60%
2005	$9.27	5.17%
2006	$9.58	3.40%
2007	$10.24	6.85%
2008	$10.88	6.30%
2009	$13.54	24.45%
2010	$14.98	10.65%
2011	$15.48	3.34%
2012	$15.83	2.21%
2013	$16.26	2.75%
2014	$16.78	3.18%
2015	$17.30	3.13%
2016	$17.92	3.56%
2017	$19.05	6.30%
2018	$19.80	3.97%
2019	$20.81	5.09%
2020	$21.93	5.37%
2021	$23.59	7.59%
2022	$25.35	7.44%
2023	$26.86	5.96%*

* 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
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	589.788

Adjust cigarettes prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1998 * 1998 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Cigarettes was 109.792 in the year 1998 and 589.788 in 2023:

589.788 / 109.792 * $5 = $26.86

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1998 has the same "purchasing power" as $26.86 in 2023 (in the CPI category of Cigarettes).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cigarettes in 1997. In addition to cigarettes, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.