According to the U.S. Bureau of Labor Statistics, prices for fats and oils were 4.01% higher in 2021 versus 2013 (a $0.80 difference in value).
Between 2013 and 2021: Fats and oils experienced an average inflation rate of 0.49% per year. In other words, fats and oils costing $20 in the year 2013 would cost $20.80 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.84% during this same period, inflation for fats and oils was lower.
In the year 2013: Pricing changed by -1.40%, which is below the average yearly change for fats and oils during the 2013-2021 time period. Compared to inflation for all items in 2013 (1.46%), inflation for fats and oils was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fats and oils:
Below are calculations of equivalent buying power for Fats and oils, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|