According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea were 5.48% higher in 2020 versus 2011 (a $1.10 difference in value).
Between 2011 and 2020: Other beverage materials including tea experienced an average inflation rate of 0.59% per year. In other words, other beverage materials including tea costing $20 in the year 2011 would cost $21.10 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.52% during this same period, inflation for other beverage materials including tea was lower.
In the year 2011: Pricing changed by 0.61%, which is above the average yearly change for other beverage materials including tea during the 2011-2020 time period. Compared to inflation for all items in 2011 (3.16%), inflation for other beverage materials including tea was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other beverage materials including tea:
Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|