Fats and oils priced at $20 in 2019 $20.98 in 2021

Fats And Oils Inflation Calculator

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Prices for Fats And Oils, 2019-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fats and oils were 4.89% higher in 2021 versus 2019 (a $0.98 difference in value).

Between 2019 and 2021: Fats and oils experienced an average inflation rate of 2.41% per year. This rate of change indicates significant inflation. In other words, fats and oils costing $20 in the year 2019 would cost $20.98 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for fats and oils was lower.

In the year 2019: Pricing changed by -0.71%, which is significantly below the average yearly change for fats and oils during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), 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 1976 (-12.56%).

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

Year 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI 37.008 36.685 36.838 39.154 42.700 43.154 46.762 66.385 73.515 64.285 70.831 77.554 83.746 89.269 98.854 96.069 97.377 106.562 108.946 106.492 108.069 113.115 121.177 126.331 131.731 129.838 129.992 133.531 137.269 140.515 141.715 146.908 148.262 147.415 155.700 155.438 157.377 167.792 167.723 167.992 172.921 196.751 201.224 200.587 219.163 232.579 229.316 229.658 227.293 225.947 227.715 228.035 226.419 229.455 237.483

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Buying power of $20 since 2019

Below are calculations of equivalent buying power for Fats and oils, 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
2019 $20.00 -0.71%
2020 $20.27 1.34%
2021 $20.98 3.50%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fats and oils, 2019-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2019 * 2019 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Fats and oils was 226.419 in the year 2019 and 237.483 in 2021:

237.483 / 226.419 * $20 = $20.98

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $20.98 in 2021 (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.

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