According to the U.S. Bureau of Labor Statistics, prices for distilled spirits away from home are 12.24% higher in 2022 versus 2019 (a $2.45 difference in value).
Between 2019 and 2022: Distilled spirits away from home experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, distilled spirits away from home costing $20 in the year 2019 would cost $22.45 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.23% during this same period, inflation for distilled spirits away from home was lower.
In the year 2019: Pricing changed by 0.67%, which is significantly below the average yearly change for distilled spirits away from home during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), inflation for distilled spirits away from home was lower.
Below are calculations of equivalent buying power for Distilled spirits away from home, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Distilled spirits away from home: