Other beverage materials including tea priced at $20 in 2016 $21.66 in 2022

Other Beverage Materials Including Tea Inflation Calculator

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Prices for Other Beverage Materials Including Tea, 2016-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 8.32% higher in 2022 versus 2016 (a $1.66 difference in value).

Between 2016 and 2022: Other beverage materials including tea experienced an average inflation rate of 1.34% per year. In other words, other beverage materials including tea costing $20 in the year 2016 would cost $21.66 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.93% during this same period, inflation for other beverage materials including tea was lower.

In the year 2016: Pricing changed by 0.50%, which is below the average yearly change for other beverage materials including tea during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), 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 (3.15%), 2000 (3.15%), and 2001 (3.04%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2016 $20.00 0.50%
2017 $20.00 0.00%
2018 $20.01 0.05%
2019 $20.24 1.17%
2020 $20.63 1.92%
2021 $21.00 1.78%
2022 $21.66 3.15%*
* 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:

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
CPI 100.000 101.969 104.162 107.438 110.708 112.331 113.131 113.415 115.162 116.508 119.800 122.839 124.322 124.770 125.547 126.125 127.555 128.288 127.908 128.553 128.552 128.619 130.118 132.622 134.985 139.243

Adjust other beverage materials including tea prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Other beverage materials including tea was 128.553 in the year 2016 and 139.243 in 2022:

139.243 / 128.553 * $20 = $21.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $21.66 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.

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