According to the U.S. Bureau of Labor Statistics, prices for peanut butter are 1.42% higher in 2024 versus 2023 (a $0.04 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 2023 and 2024: Peanut butter experienced an average inflation rate of 1.42% per year. In other words, peanut butter costing $2.48 in the year 2023 would cost $2.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for peanut butter was lower.
In the year 2023: Pricing changed by 2.16%, which is above the average yearly change for peanut butter during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for peanut butter was lower.
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):
| Year | Average price (Peanut butter) | Inflation adjusted price (2024 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 | $1.79 | No data |
| 1995 | $1.80 | No data |
| 1994 | $1.85 | No data |
| 1993 | $1.84 | No data |
| 1992 | $1.94 | No data |
| 1991 | $2.15 | No data |
| 1990 | $1.89 | No data |
| 1989 | $1.81 | No data |
| 1988 | $1.79 | No data |
| 1987 | $1.80 | No data |
| 1986 | $1.60 | No data |
| 1985 | $1.54 | No data |
| 1984 | $1.49 | No data |
Below are calculations of equivalent buying power for Peanut butter, over time, for $2.48 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $2.48 | 2.16% |
| 2024 | $2.52 | 1.42%* |
* 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 |
| CPI | 100.000 | 101.708 | 103.223 | 106.685 | 109.292 | 110.715 | 109.654 | 110.515 | 110.354 | 111.023 | 114.433 | 128.011 | 133.189 | 129.197 | 137.331 | 181.815 | 175.064 | 167.087 | 160.607 | 156.534 | 155.315 | 157.395 | 153.107 | 159.301 | 169.424 | 185.302 | 189.309 | 191.994 |