According to the U.S. Bureau of Labor Statistics, prices for cigarettes were 16.74% higher in 2021 versus 2018 (a $0.84 difference in value).
Between 2018 and 2021: Cigarettes experienced an average inflation rate of 5.30% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 2018 would cost $5.84 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for cigarettes was significantly higher.
In the year 2018: Pricing changed by 3.97%, which is below the average yearly change for cigarettes during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|