Coffee priced at $2.83 in 2020 $3.41 in 2024

Coffee Inflation Calculator


Prices for Coffee, 2020-2024 ($2.83)

According to the U.S. Bureau of Labor Statistics, prices for coffee are 20.48% higher in 2024 versus 2020 (a $0.58 difference in value).

The current national average price is $2.83 for "Coffee, 100%, ground roast, 13.1-20 oz. can, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2020 and 2024: Coffee experienced an average inflation rate of 4.77% per year. This rate of change indicates significant inflation. In other words, coffee costing $2.83 in the year 2020 would cost $3.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.76% during this same period, inflation for coffee was higher.

In the year 2020: Pricing changed by 0.49%, which is significantly below the average yearly change for coffee during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for coffee was lower.

Price Inflation for Coffee since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1977 (77.12%), 1976 (37.42%), and 1994 (27.92%).

Price history

The average price for Coffee is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Coffee, 100%, ground roast, 13.1-20 oz. can, per lb. (453.6 gm):

YearAverage price (Coffee)Inflation adjusted price (2024 dollars)

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Buying power of $2.83 since 2020

Below are calculations of equivalent buying power for Coffee, over time, for $2.83 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 Coffee:


Adjust coffee prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Coffee was 194.177 in the year 2020 and 233.936 in 2024:

233.936 / 194.177 * $2.83 = $3.41

Therefore, according to U.S. Bureau of Labor Statistics, $2.83 in 2020 has the same "purchasing power" as $3.41 in 2024 (in the CPI category of Coffee).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Coffee in 1967. In addition to coffee, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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