According to the U.S. Bureau of Labor Statistics, prices for distilled spirits away from home were 9.17% higher in 2020 versus 2016 (a $1.83 difference in value).
Between 2016 and 2020: Distilled spirits away from home experienced an average inflation rate of 2.22% 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 $21.83 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for distilled spirits away from home was higher.
In the year 2016: Pricing changed by 3.09%, which is above the average yearly change for distilled spirits away from home during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for distilled spirits away from home was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Distilled spirits away from home:
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:
|Year||USD Value||Inflation Rate|