Other beverage materials including tea price inflation, 1997→2024

Other Beverage Materials Including Tea Inflation Calculator

Prices for Other Beverage Materials Including Tea, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 60.09% higher in 2024 versus 1997 (a $12.02 difference in value).

Between 1997 and 2024: Other beverage materials including tea experienced an average inflation rate of 1.76% per year. In other words, other beverage materials including tea costing $20 in the year 1997 would cost $32.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for other beverage materials including tea was lower.

Price Inflation for Other beverage materials including tea since 1997

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

Years with the largest changes in pricing: 2022 (7.44%), 2023 (7.25%), and 2000 (3.15%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.39	1.97%
1999	$20.83	2.15%
2000	$21.49	3.15%
2001	$22.14	3.04%
2002	$22.47	1.47%
2003	$22.63	0.71%
2004	$22.68	0.25%
2005	$23.03	1.54%
2006	$23.30	1.17%
2007	$23.96	2.83%
2008	$24.57	2.54%
2009	$24.86	1.21%
2010	$24.95	0.36%
2011	$25.11	0.62%
2012	$25.23	0.46%
2013	$25.51	1.13%
2014	$25.66	0.58%
2015	$25.58	-0.30%
2016	$25.71	0.50%
2017	$25.71	0.00%
2018	$25.72	0.05%
2019	$26.02	1.17%
2020	$26.52	1.92%
2021	$27.00	1.78%
2022	$29.01	7.44%
2023	$31.11	7.25%
2024	$32.02	2.93%*

* 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 Other beverage materials including tea:

Year	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	100.000	101.969	104.162	107.438	110.708	112.331	113.131	113.415	115.162	116.508	119.800	122.839	124.322	124.770	125.547	126.125	127.555	128.288	127.908	128.553	128.552	128.619	130.118	132.622	134.985	145.027	155.538	160.094

Adjust other beverage materials including tea prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other beverage materials including tea was 100.000 in the year 1997 and 160.094 in 2024:

160.094 / 100.000 * $20 = $32.02

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $32.02 in 2024 (in the CPI category of Other beverage materials including tea).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other beverage materials including tea in 1997. In addition to other beverage materials including tea, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.