According to the U.S. Bureau of Labor Statistics, prices for other fats and oils including peanut butter are 34.42% higher in 2024 versus 2021 (a $6.88 difference in value).
Between 2021 and 2024: Other fats and oils including peanut butter experienced an average inflation rate of 10.36% per year. This rate of change indicates significant inflation. In other words, other fats and oils including peanut butter costing $20 in the year 2021 would cost $26.88 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.98% during this same period, inflation for other fats and oils including peanut butter was significantly higher.
In the year 2021: Pricing changed by 6.90%, which is significantly below the average yearly change for other fats and oils including peanut butter during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for other fats and oils including peanut butter was higher.
Below are calculations of equivalent buying power for Other fats and oils including peanut butter, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2021 | $20.00 | 6.90% |
| 2022 | $23.43 | 17.16% |
| 2023 | $25.76 | 9.95% |
| 2024 | $26.88 | 4.35%* |
* 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 fats and oils including peanut butter:
| 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 | 101.923 | 102.708 | 103.292 | 103.831 | 104.931 | 108.538 | 113.838 | 115.969 | 117.600 | 122.199 | 144.452 | 146.439 | 142.333 | 153.008 | 172.157 | 168.624 | 164.049 | 159.628 | 157.227 | 158.406 | 159.064 | 156.234 | 158.011 | 168.917 | 197.907 | 217.593 | 227.066 |