Distilled spirits away from home priced at $20 in 2016 $24.66 in 2023

Distilled Spirits Away From Home Inflation Calculator

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Prices for Distilled Spirits Away From Home, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for distilled spirits away from home are 23.31% higher in 2023 versus 2016 (a $4.66 difference in value).

Between 2016 and 2023: Distilled spirits away from home experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, distilled spirits away from home costing $20 in the year 2016 would cost $24.66 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.24% during this same period, inflation for distilled spirits away from home was lower.

In the year 2016: Pricing changed by 3.09%, which is above the average yearly change for distilled spirits away from home during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for distilled spirits away from home was higher.

Price Inflation for Distilled spirits away from home since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (4.91%), 2007 (4.88%), and 2008 (4.85%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Distilled spirits away from home, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.003.09%
2017$20.351.74%
2018$20.792.19%
2019$20.930.67%
2020$21.834.30%
2021$22.663.76%
2022$23.774.91%
2023$24.663.76%*

* 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 Distilled spirits away from home:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000101.277103.877107.569112.462115.877120.008124.808129.031134.285140.844147.671150.414152.862157.430163.496168.048171.147176.945182.417185.586189.652190.926199.139206.636216.790224.932

Adjust distilled spirits away from home prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Distilled spirits away from home was 182.417 in the year 2016 and 224.932 in 2023:

224.932 / 182.417 * $20 = $24.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.66 in 2023 (in the CPI category of Distilled spirits away from home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Distilled spirits away from home in 1997. In addition to distilled spirits away from home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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