According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 7.02% higher in 2021 versus 2012 (a $1.40 difference in value).
Between 2012 and 2021: Other beverage materials including tea experienced an average inflation rate of 0.76% per year. In other words, other beverage materials including tea costing $20 in the year 2012 would cost $21.40 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for other beverage materials including tea was lower.
In the year 2012: Pricing changed by 0.46%, which is below the average yearly change for other beverage materials including tea during the 2012-2021 time period. Compared to inflation for all items in 2012 (2.07%), inflation for other beverage materials including tea was lower.
Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other beverage materials including tea: