Sauces and gravies priced at $20 in 2019 $20.58 in 2020

Sauces And Gravies Inflation Calculator


Prices for Sauces And Gravies, 2019-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for sauces and gravies were 2.90% higher in 2020 versus 2019 (a $0.58 difference in value).

Between 2019 and 2020: Sauces and gravies experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, sauces and gravies costing $20 in the year 2019 would cost $20.58 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.74% during this same period, inflation for sauces and gravies was higher.

In the year 2019: Pricing changed by 0.24%, which is below the average yearly change for sauces and gravies during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for sauces and gravies was lower.

Price Inflation for Sauces and gravies since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (2.90%), and 2019 (0.24%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Sauces and gravies:

Year 2018 2019 2020
CPI 139.570 139.908 143.964

View price changes for other categories
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Buying power of $20 since 2019

Below are calculations of equivalent buying power for Sauces and gravies, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2019 $20.00 0.24%
2020 $20.58 2.90%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for sauces and gravies, 2019-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2019 * 2019 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Sauces and gravies was 139.908 in the year 2019 and 143.964 in 2020:

143.964 / 139.908 * $20 = $20.58

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $20.58 in 2020 (in the CPI category of Sauces and gravies).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Sauces and gravies in 2018. In addition to sauces and gravies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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