According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products were 181.41% higher in 2019 versus 2000 (a $36.28 difference in value).
Between 2000 and 2019: Tobacco and smoking products experienced an average inflation rate of 5.60% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 2000 would cost $56.28 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% 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.
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 | 1111.304 |
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 | $56.28 | 4.50%* |