According to the U.S. Bureau of Labor Statistics, prices for cigarettes were 15.13% higher in 2020 versus 2017 (a $0.76 difference in value).
Between 2017 and 2020: Cigarettes experienced an average inflation rate of 4.81% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 2017 would cost $5.76 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for cigarettes was higher.
In the year 2017: Pricing changed by 6.30%, which is above the average yearly change for cigarettes during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for cigarettes was much 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|