According to the U.S. Bureau of Labor Statistics, prices for dairy and related products were 4.93% higher in 2020 versus 2012 (a $0.99 difference in value).
Between 2012 and 2020: Dairy and related products experienced an average inflation rate of 0.60% per year. In other words, dairy and related products costing $20 in the year 2012 would cost $20.99 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for dairy and related products was lower.
In the year 2012: Pricing changed by 2.09%, which is above the average yearly change for dairy and related products during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for dairy and related products was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Dairy and related products:
Below are calculations of equivalent buying power for Dairy and related products, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|