Peanut butter priced at $2.55 in 2017 $3.04 in 2022

Peanut Butter Inflation Calculator

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Prices for Peanut Butter, 2017-2022 ($2.55)

According to the U.S. Bureau of Labor Statistics, prices for peanut butter are 19.31% higher in 2022 versus 2017 (a $0.49 difference in value).

The current national average price is $2.48 for "Peanut butter, creamy, all sizes, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2017 and 2022: Peanut butter experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, peanut butter costing $2.55 in the year 2017 would cost $3.04 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.61% during this same period, inflation for peanut butter was lower.

In the year 2017: Pricing changed by -0.78%, which is significantly below the average yearly change for peanut butter during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for peanut butter was lower.

Price Inflation for Peanut butter since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2012 (32.39%), 2008 (11.87%), and 2022 (9.37%).

Price history

The average price for Peanut butter is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Peanut butter, creamy, all sizes, per lb. (453.6 gm):

YearAverage price (Peanut butter)Inflation adjusted price (2022 dollars)
2017$2.55$2.55
2016$2.58$2.56
2015$2.68$2.60
2014$2.60$2.41
2013$2.73$2.42
2012$2.78$2.38
2011$2.09$2.36
2010$2.03$2.44
2009$2.12$2.48
2008$2.03$2.46
2007$1.79$2.42
2006$1.71$2.40
2005$1.71$2.40
2004$1.81$2.55
2003$1.92$2.72
2002$1.96$2.75
2001$1.95$2.77
2000$1.89$2.76
1999$1.82$2.74
1998$1.80$2.75
1997$1.78$2.77
1996$1.79No data
1995$1.80No data
1994$1.85No data
1993$1.84No data
1992$1.94No data
1991$2.15No data
1990$1.89No data
1989$1.81No data
1988$1.79No data
1987$1.80No data
1986$1.60No data
1985$1.54No data
1984$1.49No data

View price changes for other categories
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Buying power of $2.55 since 2017

Below are calculations of equivalent buying power for Peanut butter, over time, for $2.55 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2017$2.55-0.78%
2018$2.581.34%
2019$2.51-2.72%
2020$2.624.05%
2021$2.786.35%
2022$3.049.37%*

* 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 Peanut butter:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.708103.223106.685109.292110.715109.654110.515110.354111.023114.433128.011133.189129.197137.331181.815175.064167.087160.607156.534155.315157.395153.107159.301169.424185.302

Adjust peanut butter prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2017 * 2017 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Peanut butter was 155.315 in the year 2017 and 185.302 in 2022:

185.302 / 155.315 * $2.55 = $3.04

Therefore, according to U.S. Bureau of Labor Statistics, $2.55 in 2017 has the same "purchasing power" as $3.04 in 2022 (in the CPI category of Peanut butter).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Peanut butter in 1997. In addition to peanut butter, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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