Nonalcholic beverages price inflation, 2022→2024

Nonalcholic Beverages Inflation Calculator

Prices for Nonalcholic Beverages, 2022-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for nonalcoholic beverages and beverage materials are 9.16% higher in 2024 versus 2022 (a $0.46 difference in value).

Between 2022 and 2024: Nonalcholic beverages experienced an average inflation rate of 4.48% per year. This rate of change indicates significant inflation. In other words, nonalcholic beverages costing $5 in the year 2022 would cost $5.46 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.50% during this same period, inflation for nonalcholic beverages was higher.

In the year 2022: Pricing changed by 11.01%, which is significantly above the average yearly change for nonalcholic beverages during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for nonalcholic beverages was much higher.

Price Inflation for Nonalcoholic beverages and beverage materials since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1977 (50.64%), 1950 (41.57%), and 1976 (19.58%).

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Buying power of $5.00 since 2022

Below are calculations of equivalent buying power for Nonalcholic beverages, over time, for $5 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$5.00	11.01%
2023	$5.35	7.00%
2024	$5.46	2.01%*

* 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 Nonalcoholic beverages and beverage materials:

Year	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	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	11.962	13.123	14.138	20.015	22.069	22.208	22.808	27.115	24.269	25.362	25.200	23.415	21.269	21.108	21.115	20.800	21.069	23.615	23.446	23.292	23.100	23.554	24.162	27.085	28.077	28.000	30.077	35.931	41.323	49.415	74.438	78.700	82.600	91.385	95.262	97.946	99.777	102.285	104.285	110.392	107.492	107.531	111.300	113.538	114.115	114.262	114.592	123.169	131.723	128.569	133.377	133.015	134.292	137.762	139.200	139.215	139.815	140.354	144.362	147.369	153.432	160.045	163.034	161.602	166.790	168.606	166.917	166.016	167.896	167.267	167.561	167.590	170.835	176.927	181.838	201.864	215.993	220.345

Adjust nonalcholic beverages prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Nonalcoholic beverages and beverage materials was 201.864 in the year 2022 and 220.345 in 2024:

220.345 / 201.864 * $5 = $5.46

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2022 has the same "purchasing power" as $5.46 in 2024 (in the CPI category of Nonalcoholic beverages and beverage materials).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Nonalcoholic beverages and beverage materials in 1947. In addition to nonalcholic beverages, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.