According to the U.S. Bureau of Labor Statistics, prices for cigarettes are 20.09% higher in 2022 versus 2019 (a $1 difference in value).
Between 2019 and 2022: Cigarettes experienced an average inflation rate of 6.29% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 2019 would cost $6 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.23% during this same period, inflation for cigarettes was higher.
In the year 2019: Pricing changed by 5.09%, which is below the average yearly change for cigarettes during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), inflation for cigarettes was much higher.
Below are calculations of equivalent buying power for Cigarettes, over time, for $5 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cigarettes: