According to the U.S. Bureau of Labor Statistics, prices for instant coffee are 7.46% higher in 2024 versus 2008 (a $1.49 difference in value).
Between 2008 and 2024: Instant coffee experienced an average inflation rate of 0.45% per year. In other words, instant coffee costing $20 in the year 2008 would cost $21.49 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.37% during this same period, inflation for instant coffee was lower.
In the year 2008: Pricing changed by 8.22%, which is significantly above the average yearly change for instant coffee during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), inflation for instant coffee was much higher.
Below are calculations of equivalent buying power for Instant coffee, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2008 | $20.00 | 8.22% |
2009 | $19.63 | -1.86% |
2010 | $19.45 | -0.92% |
2011 | $20.65 | 6.20% |
2012 | $20.95 | 1.41% |
2013 | $20.29 | -3.11% |
2014 | $20.05 | -1.20% |
2015 | $19.89 | -0.82% |
2016 | $19.28 | -3.07% |
2017 | $19.28 | 0.00% |
2018 | $18.37 | -4.70% |
2019 | $18.47 | 0.53% |
2020 | $18.21 | -1.40% |
2021 | $18.43 | 1.22% |
2022 | $20.43 | 10.82% |
2023 | $21.34 | 4.48% |
2024 | $21.49 | 0.71%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Instant coffee:
Year | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 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 | 2022 | 2023 | 2024 |
CPI | 29.014 | 28.292 | 28.762 | 33.438 | 29.885 | 28.638 | 28.315 | 28.792 | 30.208 | 33.838 | 35.300 | 35.131 | 37.215 | 44.662 | 50.415 | 64.354 | 97.285 | 102.385 | 98.038 | 106.477 | 95.477 | 97.292 | 99.262 | 103.469 | 107.285 | 129.838 | 120.546 | 117.723 | 118.369 | 117.885 | 117.077 | 114.615 | 113.962 | 134.531 | 152.623 | 147.538 | 153.754 | 154.190 | 160.367 | 160.154 | 162.831 | 163.854 | 164.454 | 166.131 | 176.208 | 178.908 | 189.145 | 204.694 | 200.884 | 199.038 | 211.388 | 214.372 | 207.707 | 205.218 | 203.545 | 197.301 | 197.304 | 188.031 | 189.023 | 186.379 | 188.645 | 209.055 | 218.413 | 219.973 |