According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea were 3.09% higher in 2021 versus 2019 (a $0.62 difference in value).
Between 2019 and 2021: Other beverage materials including tea experienced an average inflation rate of 1.53% per year. In other words, other beverage materials including tea costing $20 in the year 2019 would cost $20.62 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.05% during this same period, inflation for other beverage materials including tea was lower.
In the year 2019: Pricing changed by 1.17%, which is below the average yearly change for other beverage materials including tea during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|