According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products were 827.52% higher in 2020 versus 1986 (a $165.50 difference in value).
Between 1986 and 2020: Tobacco and smoking products experienced an average inflation rate of 6.77% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 1986 would cost $185.50 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for tobacco and smoking products was significantly higher.
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 | 2020 |
| 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 | 930.856 | 963.381 | 1022.773 | 1063.413 | 1115.904 | 1156.927 |
Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1986 | $20.00 | - |
| 1987 | $21.43 | 7.14% |
| 1988 | $23.38 | 9.09% |
| 1989 | $26.37 | 12.82% |
| 1990 | $29.11 | 10.40% |
| 1991 | $32.51 | 11.66% |
| 1992 | $35.25 | 8.43% |
| 1993 | $36.61 | 3.85% |
| 1994 | $35.27 | -3.64% |
| 1995 | $36.20 | 2.61% |
| 1996 | $37.32 | 3.10% |
| 1997 | $39.07 | 4.70% |
| 1998 | $44.06 | 12.76% |
| 1999 | $57.05 | 29.48% |
| 2000 | $63.32 | 10.99% |
| 2001 | $68.18 | 7.67% |
| 2002 | $74.00 | 8.54% |
| 2003 | $75.20 | 1.62% |
| 2004 | $76.64 | 1.92% |
| 2005 | $80.61 | 5.18% |
| 2006 | $83.36 | 3.40% |
| 2007 | $88.86 | 6.60% |
| 2008 | $94.39 | 6.23% |
| 2009 | $117.10 | 24.06% |
| 2010 | $129.45 | 10.54% |
| 2011 | $133.86 | 3.41% |
| 2012 | $136.84 | 2.23% |
| 2013 | $140.59 | 2.74% |
| 2014 | $144.84 | 3.02% |
| 2015 | $149.26 | 3.05% |
| 2016 | $154.47 | 3.49% |
| 2017 | $163.99 | 6.16% |
| 2018 | $170.51 | 3.97% |
| 2019 | $178.93 | 4.94% |
| 2020 | $185.50 | 3.68%* |