Fats and oils priced at $20 in 1967 $147.10 in 2022

Fats And Oils Inflation Calculator

$

Prices for Fats And Oils, 1967-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fats and oils are 635.48% higher in 2022 versus 1967 (a $127.10 difference in value).

Between 1967 and 2022: Fats and oils experienced an average inflation rate of 3.69% per year. This rate of change indicates significant inflation. In other words, fats and oils costing $20 in the year 1967 would cost $147.10 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.01% during this same period, inflation for fats and oils was lower.

Price Inflation for Fats and oils since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (41.96%), 2008 (13.78%), and 2022 (13.38%).

View price changes for other categories
Financial services · San Francisco, California · Denver, Colorado · Juices and nonalcoholic drinks · More

Buying power of $20.00 since 1967

Below are calculations of equivalent buying power for Fats and oils, over time, for $20 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$20.00-
1968$19.83-0.87%
1969$19.910.42%
1970$21.166.29%
1971$23.089.06%
1972$23.321.06%
1973$25.278.36%
1974$35.8841.96%
1975$39.7310.74%
1976$34.74-12.56%
1977$38.2810.18%
1978$41.919.49%
1979$45.267.98%
1980$48.246.60%
1981$53.4210.74%
1982$51.92-2.82%
1983$52.631.36%
1984$57.599.43%
1985$58.882.24%
1986$57.55-2.25%
1987$58.401.48%
1988$61.134.67%
1989$65.497.13%
1990$68.274.25%
1991$71.194.27%
1992$70.17-1.44%
1993$70.250.12%
1994$72.162.72%
1995$74.182.80%
1996$75.942.36%
1997$76.590.85%
1998$79.393.66%
1999$80.120.92%
2000$79.67-0.57%
2001$84.145.62%
2002$84.00-0.17%
2003$85.051.25%
2004$90.686.62%
2005$90.64-0.04%
2006$90.790.16%
2007$93.452.93%
2008$106.3313.78%
2009$108.752.27%
2010$108.40-0.32%
2011$118.449.26%
2012$125.696.12%
2013$123.93-1.40%
2014$124.110.15%
2015$122.84-1.03%
2016$122.11-0.59%
2017$123.060.78%
2018$123.240.14%
2019$122.36-0.71%
2020$124.001.34%
2021$129.734.62%
2022$147.1013.38%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fats and oils:

Year19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI37.00836.68536.83839.15442.70043.15446.76266.38573.51564.28570.83177.55483.74689.26998.85496.06997.377106.562108.946106.492108.069113.115121.177126.331131.731129.838129.992133.531137.269140.515141.715146.908148.262147.415155.700155.438157.377167.792167.723167.992172.921196.751201.224200.587219.163232.579229.316229.658227.293225.947227.715228.035226.419229.455240.055272.185

Adjust fats and oils prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1967 * 1967 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Fats and oils was 37.008 in the year 1967 and 272.185 in 2022:

272.185 / 37.008 * $20 = $147.10

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1967 has the same "purchasing power" as $147.10 in 2022 (in the CPI category of Fats and oils).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fats and oils in 1967. In addition to fats and oils, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.