According to the U.S. Bureau of Labor Statistics, prices for juices and nonalcoholic drinks were 8.40% higher in 2020 versus 2016 (a $0.84 difference in value).
Between 2016 and 2020: Juice experienced an average inflation rate of 2.04% per year. This rate of change indicates significant inflation. In other words, juice costing $10 in the year 2016 would cost $10.84 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.87% during this same period, inflation for juice was higher.
In the year 2016: Pricing changed by 0.12%, which is below the average yearly change for juice during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for juice was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Juices and nonalcoholic drinks:
Below are calculations of equivalent buying power for Juice, over time, for $10 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|