According to the U.S. Bureau of Labor Statistics, prices for fats and oils were 4.48% higher in 2021 versus 2015 (a $0.90 difference in value).
Between 2015 and 2021: Fats and oils experienced an average inflation rate of 0.73% per year. In other words, fats and oils costing $20 in the year 2015 would cost $20.90 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for fats and oils was lower.
In the year 2015: Pricing changed by -1.03%, which is below the average yearly change for fats and oils during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|