According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea were 1.93% higher in 2021 versus 2020 (a $0.39 difference in value).
Between 2020 and 2021: Other beverage materials including tea experienced an average inflation rate of 1.93% per year. In other words, other beverage materials including tea costing $20 in the year 2020 would cost $20.39 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 4.13% during this same period, inflation for other beverage materials including tea was lower.
In the year 2020: Pricing changed by 1.92%, which is below the average yearly change for other beverage materials including tea during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for other beverage materials including tea was higher.
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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|