According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 57% higher in 2024 versus 1998 (a $11.40 difference in value).
Between 1998 and 2024: Other beverage materials including tea experienced an average inflation rate of 1.75% per year. In other words, other beverage materials including tea costing $20 in the year 1998 would cost $31.40 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for other beverage materials including tea was lower.
In the year 1998: Pricing changed by 1.97%, which is above the average yearly change for other beverage materials including tea during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for other beverage materials including tea was higher.
Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 1.97% |
| 1999 | $20.43 | 2.15% |
| 2000 | $21.07 | 3.15% |
| 2001 | $21.71 | 3.04% |
| 2002 | $22.03 | 1.47% |
| 2003 | $22.19 | 0.71% |
| 2004 | $22.25 | 0.25% |
| 2005 | $22.59 | 1.54% |
| 2006 | $22.85 | 1.17% |
| 2007 | $23.50 | 2.83% |
| 2008 | $24.09 | 2.54% |
| 2009 | $24.38 | 1.21% |
| 2010 | $24.47 | 0.36% |
| 2011 | $24.62 | 0.62% |
| 2012 | $24.74 | 0.46% |
| 2013 | $25.02 | 1.13% |
| 2014 | $25.16 | 0.58% |
| 2015 | $25.09 | -0.30% |
| 2016 | $25.21 | 0.50% |
| 2017 | $25.21 | 0.00% |
| 2018 | $25.23 | 0.05% |
| 2019 | $25.52 | 1.17% |
| 2020 | $26.01 | 1.92% |
| 2021 | $26.48 | 1.78% |
| 2022 | $28.45 | 7.44% |
| 2023 | $30.51 | 7.25% |
| 2024 | $31.40 | 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 |