Peanut butter prices were 19.31% higher in 2022 versus 2017 (a $0.49 difference in value).
The latest available average price is $2.48 in December 2017 for Peanut butter, creamy, all sizes, per lb. (453.6 gm). See observed price history.
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.
The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.
● Price● Price, inflation-adjusted
The average price for peanut butter is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. The table below shows the average U.S. price of peanut butter, creamy, all sizes, per lb. (453.6 gm) each year, along with the same price adjusted for inflation. To understand how price levels differ from inflation rates, see this article published by the BLS.
| Year | Price (per pound) | Price, inflation-adjusted |
|---|---|---|
| 2017 | $2.55 | $3.51 |
| 2016 | $2.58 | $3.63 |
| 2015 | $2.68 | $3.82 |
| 2014 | $2.60 | $3.70 |
| 2013 | $2.73 | $3.94 |
| 2012 | $2.78 | $4.08 |
| 2011 | $2.09 | $3.13 |
| 2010 | $2.03 | $3.13 |
| 2009 | $2.12 | $3.34 |
| 2008 | $2.03 | $3.18 |
| 2007 | $1.79 | $2.90 |
| 2006 | $1.71 | $2.86 |
| 2005 | $1.71 | $2.95 |
| 2004 | $1.81 | $3.23 |
| 2003 | $1.92 | $3.51 |
| 2002 | $1.96 | $3.67 |
| 2001 | $1.95 | $3.71 |
| 2000 | $1.89 | $3.70 |
| 1999 | $1.82 | $3.68 |
| 1998 | $1.80 | $3.73 |
| 1997 | $1.78 | $3.74 |
| 1996 | $1.79 | $3.85 |
| 1995 | $1.80 | $3.99 |
| 1994 | $1.85 | $4.21 |
| 1993 | $1.84 | $4.30 |
| 1992 | $1.94 | $4.66 |
| 1991 | $2.15 | $5.31 |
| 1990 | $1.89 | $4.87 |
| 1989 | $1.81 | $4.92 |
| 1988 | $1.79 | $5.09 |
| 1987 | $1.80 | $5.35 |
| 1986 | $1.60 | $4.91 |
| 1985 | $1.54 | $4.81 |
| 1984 | $1.49 | $4.84 |
Yearly averages. Inflation-adjusted to 2026 dollars.
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:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2017 | $2.55 | -0.78% |
| 2018 | $2.58 | 1.34% |
| 2019 | $2.51 | -2.72% |
| 2020 | $2.60 | 3.30% |
| 2021 | $2.78 | 7.10% |
| 2022 | $3.04 | 9.40% |
| 2023 | $3.11 | 2.16% |
| 2024 | $3.15 | 1.40% |
| 2025 | $3.10 | -1.67% |
| 2026 | $3.17 | 2.28%* |
* 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:
| 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 | 2025 | 2026 |
| CPI | 100.000 | 101.708 | 103.225 | 106.683 | 109.292 | 110.717 | 109.650 | 110.517 | 110.350 | 111.025 | 114.433 | 128.011 | 133.189 | 129.197 | 137.331 | 181.815 | 175.064 | 167.087 | 160.607 | 156.534 | 155.314 | 157.395 | 153.107 | 158.158 | 169.386 | 185.302 | 189.309 | 191.959 | 188.745 | 193.042 |