According to the U.S. Bureau of Labor Statistics, prices for other dairy and related products are 56.41% higher in 2024 versus 2005 (a $11.28 difference in value).
Between 2005 and 2024: Other dairy and related products experienced an average inflation rate of 2.38% per year. This rate of change indicates significant inflation. In other words, other dairy and related products costing $20 in the year 2005 would cost $31.28 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for other dairy and related products was lower.
In the year 2005: Pricing changed by 1.62%, which is below the average yearly change for other dairy and related products during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation for other dairy and related products was lower.
Below are calculations of equivalent buying power for Other dairy and related products, over time, for $20 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2005 | $20.00 | 1.62% |
2006 | $20.12 | 0.60% |
2007 | $21.35 | 6.13% |
2008 | $23.00 | 7.71% |
2009 | $22.46 | -2.36% |
2010 | $22.29 | -0.73% |
2011 | $23.02 | 3.27% |
2012 | $23.69 | 2.89% |
2013 | $23.48 | -0.86% |
2014 | $23.74 | 1.09% |
2015 | $24.13 | 1.66% |
2016 | $23.95 | -0.76% |
2017 | $24.10 | 0.65% |
2018 | $24.03 | -0.30% |
2019 | $24.30 | 1.11% |
2020 | $24.88 | 2.40% |
2021 | $25.13 | 1.01% |
2022 | $28.88 | 14.91% |
2023 | $31.05 | 7.51% |
2024 | $31.28 | 0.75%* |
* 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 dairy and related products:
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 | 101.931 | 107.200 | 109.438 | 112.469 | 114.531 | 115.000 | 120.162 | 122.108 | 122.838 | 130.364 | 140.413 | 137.100 | 136.102 | 140.557 | 144.622 | 143.382 | 144.945 | 147.344 | 146.221 | 147.168 | 146.721 | 148.350 | 151.911 | 153.452 | 176.329 | 189.565 | 190.990 |