Other beverage materials including tea price history from 2003 through 2020

Other Beverage Materials Including Tea Inflation Calculator

Prices for Other Beverage Materials Including Tea, 2003-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea were 16.54% higher in 2020 versus 2003 (a $3.31 difference in value).

Between 2003 and 2020: Other beverage materials including tea experienced an average inflation rate of 0.90% per year. In other words, other beverage materials including tea costing $20 in the year 2003 would cost $23.31 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.00% during this same period, inflation for other beverage materials including tea was lower.

Price Inflation for Other beverage materials including tea since 2003

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

Years with the largest changes in pricing: 2007 (2.83%), 2008 (2.53%), and 2005 (1.51%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other beverage materials including tea:

Year	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
CPI	113.142	113.433	115.150	116.508	119.805	122.840	124.327	124.778	125.542	126.125	127.555	128.288	127.908	128.553	128.552	128.619	130.118	131.851

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Buying power of $20 since 2003

Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2003	$20.00	-
2004	$20.05	0.26%
2005	$20.36	1.51%
2006	$20.60	1.18%
2007	$21.18	2.83%
2008	$21.71	2.53%
2009	$21.98	1.21%
2010	$22.06	0.36%
2011	$22.19	0.61%
2012	$22.30	0.46%
2013	$22.55	1.13%
2014	$22.68	0.58%
2015	$22.61	-0.30%
2016	$22.72	0.50%
2017	$22.72	0.00%
2018	$22.74	0.05%
2019	$23.00	1.17%
2020	$23.31	1.33%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other beverage materials including tea, 2003-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2003 * 2003 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Other beverage materials including tea was 113.142 in the year 2003 and 131.851 in 2020:

131.851 / 113.142 * $20 = $23.31

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $23.31 in 2020 (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 2003. 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.