Tobacco and smoking products priced at $20 in 1972 $649.34 in 2024

Tobacco And Smoking Products Inflation Calculator

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Prices for Tobacco And Smoking Products, 1972-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products are 3,146.72% higher in 2024 versus 1972 (a $629.34 difference in value).

Between 1972 and 2024: Tobacco and smoking products experienced an average inflation rate of 6.92% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 1972 would cost $649.34 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation for tobacco and smoking products was higher.

In the year 1972: Pricing changed by 5.43%, which is below the average yearly change for tobacco and smoking products during the 1972-2024 time period. Compared to inflation for all items in 1972 (3.27%), inflation for tobacco and smoking products was higher.

Price Inflation for Tobacco and smoking products since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1999 (29.48%), 2009 (24.06%), and 1983 (19.50%).

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Buying power of $20.00 since 1972

Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$20.005.43%
1973$20.552.76%
1974$21.564.92%
1975$23.097.10%
1976$24.084.29%
1977$25.234.77%
1978$26.605.42%
1979$28.206.00%
1980$30.397.79%
1981$32.848.05%
1982$36.5311.25%
1983$43.6519.50%
1984$46.526.56%
1985$49.275.93%
1986$52.666.88%
1987$56.437.15%
1988$61.569.10%
1989$69.4412.80%
1990$76.6510.39%
1991$85.6111.68%
1992$92.838.44%
1993$96.453.89%
1994$92.92-3.66%
1995$95.332.59%
1996$98.293.11%
1997$102.914.70%
1998$116.0312.76%
1999$150.2529.48%
2000$166.7610.99%
2001$179.567.67%
2002$194.888.54%
2003$198.051.62%
2004$201.851.92%
2005$212.315.18%
2006$219.533.40%
2007$234.026.60%
2008$248.596.23%
2009$308.4024.06%
2010$340.9210.55%
2011$352.513.40%
2012$360.402.24%
2013$370.272.74%
2014$381.453.02%
2015$393.083.05%
2016$406.823.49%
2017$431.916.17%
2018$449.083.98%
2019$471.244.94%
2020$494.734.98%
2021$530.577.24%
2022$569.027.25%
2023$606.286.55%
2024$649.347.10%*

* 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 Tobacco and smoking products:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI13.80013.70014.20014.20014.50015.00015.20015.70016.50016.90017.60018.20019.78820.78021.32021.74022.48023.52024.66024.90025.00025.56026.34027.06028.24029.06029.30029.54030.52031.20032.86734.28035.50837.72339.76943.05444.92347.36248.66951.06254.68557.03159.75462.99266.76971.96977.76286.508103.377110.154116.685124.708133.623145.785164.438181.523202.723219.831228.392220.031225.738232.754243.692274.777355.792394.908425.208461.500468.992477.985502.762519.862554.184588.682730.316807.330834.769853.459876.822903.299930.848963.3801022.7851063.4531115.9411171.5541256.4331347.4851435.7181537.699

Adjust tobacco and smoking products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1972 * 1972 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Tobacco and smoking products was 47.362 in the year 1972 and 1537.699 in 2024:

1537.699 / 47.362 * $20 = $649.34

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1972 has the same "purchasing power" as $649.34 in 2024 (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 1935. 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.

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