According to the U.S. Bureau of Labor Statistics, prices for distilled spirits away from home were 2.80% higher in 2021 versus 2020 (a $0.56 difference in value).
Between 2020 and 2021: Distilled spirits away from home experienced an average inflation rate of 2.80% per year. This rate of change indicates significant inflation. In other words, distilled spirits away from home costing $20 in the year 2020 would cost $20.56 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.07% during this same period, inflation for distilled spirits away from home was higher.
In the year 2020: Pricing changed by 4.30%, which is above the average yearly change for distilled spirits away from home during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for distilled spirits away from home was much 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|