According to the U.S. Bureau of Labor Statistics, prices for coffee were 15.26% higher in 2019 versus 1997 (a $3.05 difference in value).
Between 1997 and 2019: Coffee experienced an average inflation rate of 0.65% per year. In other words, coffee costing $20 in the year 1997 would cost $23.05 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for coffee was lower.
In the year 1997: Pricing changed by 12.64%, which is significantly above the average yearly change for coffee during the 1997-2019 time period. Compared to inflation for all items in 1997 (2.33%), inflation for coffee was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Coffee:
Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
CPI | 26.623 | 26.485 | 26.854 | 31.715 | 32.623 | 32.100 | 35.715 | 42.554 | 46.392 | 63.754 | 112.923 | 107.200 | 101.815 | 111.608 | 96.185 | 98.500 | 98.815 | 102.708 | 105.462 | 132.692 | 116.177 | 114.962 | 120.408 | 117.485 | 115.254 | 110.738 | 109.777 | 140.431 | 163.131 | 149.162 | 168.015 | 163.431 | 154.754 | 153.992 | 146.731 | 142.585 | 144.931 | 145.323 | 161.223 | 165.277 | 175.647 | 188.027 | 186.317 | 186.418 | 213.824 | 217.441 | 204.712 | 200.984 | 205.540 | 199.307 | 199.156 | 194.876 | 193.661 |
Below are calculations of equivalent buying power for Coffee, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1997 | $20.00 | 12.64% |
1998 | $19.45 | -2.73% |
1999 | $18.42 | -5.31% |
2000 | $18.33 | -0.49% |
2001 | $17.47 | -4.72% |
2002 | $16.97 | -2.83% |
2003 | $17.25 | 1.65% |
2004 | $17.30 | 0.27% |
2005 | $19.19 | 10.94% |
2006 | $19.67 | 2.51% |
2007 | $20.91 | 6.27% |
2008 | $22.38 | 7.05% |
2009 | $22.18 | -0.91% |
2010 | $22.19 | 0.05% |
2011 | $25.45 | 14.70% |
2012 | $25.88 | 1.69% |
2013 | $24.37 | -5.85% |
2014 | $23.92 | -1.82% |
2015 | $24.47 | 2.27% |
2016 | $23.72 | -3.03% |
2017 | $23.71 | -0.08% |
2018 | $23.20 | -2.15% |
2019 | $23.05 | -0.62%* |