According to the U.S. Bureau of Labor Statistics, prices for cigarettes are 7.70% higher in 2024 versus 2023 (a $0.38 difference in value).
Between 2023 and 2024: Cigarettes experienced an average inflation rate of 7.70% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 2023 would cost $5.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for cigarettes was significantly higher.
In the year 2023: Pricing changed by 6.75%, which is below the average yearly change for cigarettes during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for cigarettes was higher.
Below are calculations of equivalent buying power for Cigarettes, over time, for $5 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $5.00 | 6.75% |
| 2024 | $5.38 | 7.70%* |
* 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 | 2024 |
| 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 | 594.187 | 639.910 |