According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea are 10.39% higher in 2024 versus 2022 (a $2.08 difference in value).
Between 2022 and 2024: Other beverage materials including tea experienced an average inflation rate of 5.07% per year. This rate of change indicates significant inflation. In other words, other beverage materials including tea costing $20 in the year 2022 would cost $22.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.50% during this same period, inflation for other beverage materials including tea was higher.
In the year 2022: Pricing changed by 7.44%, which is above the average yearly change for other beverage materials including tea during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), 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 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 7.44% |
| 2023 | $21.45 | 7.25% |
| 2024 | $22.08 | 2.93%* |
* 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:
| 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 | 2023 | 2024 |
| 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 | 145.027 | 155.538 | 160.097 |