Other beverage materials including tea priced at $20 in 2018 $22.37 in 2022

Other Beverage Materials Including Tea Inflation Calculator

$

Prices for Other Beverage Materials Including Tea, 2018-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 11.87% higher in 2022 versus 2018 (a $2.37 difference in value).

Between 2018 and 2022: Other beverage materials including tea experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, other beverage materials including tea costing $20 in the year 2018 would cost $22.37 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.82% during this same period, inflation for other beverage materials including tea was lower.

In the year 2018: Pricing changed by 0.05%, which is below the average yearly change for other beverage materials including tea during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), 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 (6.59%), 2000 (3.15%), and 2001 (3.04%).

View price changes for other categories
Financial services · Medical care · Wine at home · Milk · More

Buying power of $20.00 since 2018

Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2018$20.000.05%
2019$20.231.17%
2020$20.621.92%
2021$20.991.78%
2022$22.376.59%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.969104.162107.438110.708112.331113.131113.415115.162116.508119.800122.839124.322124.770125.547126.125127.555128.288127.908128.553128.552128.619130.118132.622134.985143.886

Adjust other beverage materials including tea prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2018 * 2018 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Other beverage materials including tea was 128.619 in the year 2018 and 143.886 in 2022:

143.886 / 128.619 * $20 = $22.37

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $22.37 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.