Tobacco and smoking products price history from 2000 through 2019

Historical Price Inflation for Tobacco and smoking products

Prices for Tobacco And Smoking Products, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products were 180.16% higher in 2019 versus 2000 (a $36.03 difference in value).

Between 2000 and 2019: Tobacco and smoking products experienced an average inflation rate of 5.57% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 2000 would cost $56.03 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for tobacco and smoking products was significantly higher.

In the year 2000: Pricing changed by 10.99%, which is significantly above the average yearly change for tobacco and smoking products during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for tobacco and smoking products was much higher.

Price Inflation for Tobacco and smoking products since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1999 (29.48%), 2009 (24.06%), and 1989 (12.82%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tobacco and smoking products:

Year	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
CPI	124.733	133.642	145.783	164.475	181.575	202.742	219.842	228.308	219.992	225.742	232.750	243.692	274.775	355.792	394.908	425.208	461.500	468.992	477.983	502.758	519.858	554.184	588.682	730.316	807.314	834.827	853.454	876.825	903.297	930.850	963.366	1022.760	1063.414	1106.389

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20.00	10.99%
2001	$21.53	7.67%
2002	$23.37	8.54%
2003	$23.75	1.62%
2004	$24.21	1.92%
2005	$25.46	5.18%
2006	$26.33	3.40%
2007	$28.07	6.60%
2008	$29.81	6.23%
2009	$36.99	24.06%
2010	$40.89	10.54%
2011	$42.28	3.41%
2012	$43.22	2.23%
2013	$44.41	2.74%
2014	$45.75	3.02%
2015	$47.14	3.05%
2016	$48.79	3.49%
2017	$51.80	6.17%
2018	$53.86	3.97%
2019	$56.03	4.04%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tobacco and smoking products, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Tobacco and smoking products was 394.908 in the year 2000 and 1106.389 in 2019:

1106.389 / 394.908 * $20 = $56.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $56.03 in 2019 (in the CPI category of Tobacco and smoking products).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tobacco and smoking products in 1986. In addition to tobacco and smoking products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.