According to the U.S. Bureau of Labor Statistics, prices for cigarettes were 30.70% higher in 2020 versus 2014 (a $1.53 difference in value).
Between 2014 and 2020: Cigarettes experienced an average inflation rate of 4.56% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 2014 would cost $6.53 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for cigarettes was significantly higher.
In the year 2014: Pricing changed by 3.18%, which is below the average yearly change for cigarettes during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for cigarettes was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cigarettes:
Below are calculations of equivalent buying power for Cigarettes, over time, for $5 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|