Other beverage materials including tea priced at $20 in 2008 $23.09 in 2022

Other Beverage Materials Including Tea Inflation Calculator

$

Prices for Other Beverage Materials Including Tea, 2008-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 15.45% higher in 2022 versus 2008 (a $3.09 difference in value).

Between 2008 and 2022: Other beverage materials including tea experienced an average inflation rate of 1.03% per year. In other words, other beverage materials including tea costing $20 in the year 2008 would cost $23.09 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for other beverage materials including tea was lower.

In the year 2008: Pricing changed by 2.54%, which is above the average yearly change for other beverage materials including tea during the 2008-2022 time period. Compared to inflation for all items in 2008 (3.84%), 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 (5.06%), 2000 (3.15%), and 2001 (3.04%).

View price changes for other categories
New cars · Medical care · Fresh fruits · Dental services · More

Buying power of $20.00 since 2008

Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$20.002.54%
2009$20.241.21%
2010$20.310.36%
2011$20.440.62%
2012$20.540.46%
2013$20.771.13%
2014$20.890.58%
2015$20.83-0.30%
2016$20.930.50%
2017$20.930.00%
2018$20.940.05%
2019$21.191.17%
2020$21.591.92%
2021$21.981.78%
2022$23.095.06%*
* Not final. See inflation summary for latest details.

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

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.969104.162107.438110.708112.331113.131113.415115.162116.508119.800122.839124.322124.770125.547126.125127.555128.288127.908128.553128.552128.619130.118132.622134.985141.814

Adjust other beverage materials including tea prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2008 * 2008 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Other beverage materials including tea was 122.839 in the year 2008 and 141.814 in 2022:

141.814 / 122.839 * $20 = $23.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $23.09 in 2022 (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.

» Read more about inflation and investment.