According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products are 2,901.95% higher in 2024 versus 1974 (a $580.39 difference in value).
Between 1974 and 2024: Tobacco and smoking products experienced an average inflation rate of 7.04% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 1974 would cost $600.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for tobacco and smoking products was significantly higher.
In the year 1974: Pricing changed by 4.92%, which is below the average yearly change for tobacco and smoking products during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for tobacco and smoking products was much lower.
Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $20.00 | 4.92% |
| 1975 | $21.42 | 7.10% |
| 1976 | $22.34 | 4.29% |
| 1977 | $23.40 | 4.77% |
| 1978 | $24.67 | 5.42% |
| 1979 | $26.15 | 6.00% |
| 1980 | $28.19 | 7.79% |
| 1981 | $30.46 | 8.05% |
| 1982 | $33.88 | 11.25% |
| 1983 | $40.49 | 19.50% |
| 1984 | $43.15 | 6.56% |
| 1985 | $45.70 | 5.93% |
| 1986 | $48.85 | 6.88% |
| 1987 | $52.34 | 7.15% |
| 1988 | $57.10 | 9.10% |
| 1989 | $64.41 | 12.80% |
| 1990 | $71.10 | 10.39% |
| 1991 | $79.40 | 11.68% |
| 1992 | $86.10 | 8.44% |
| 1993 | $89.46 | 3.89% |
| 1994 | $86.18 | -3.66% |
| 1995 | $88.42 | 2.59% |
| 1996 | $91.17 | 3.11% |
| 1997 | $95.45 | 4.70% |
| 1998 | $107.63 | 12.76% |
| 1999 | $139.36 | 29.48% |
| 2000 | $154.68 | 10.99% |
| 2001 | $166.55 | 7.67% |
| 2002 | $180.76 | 8.54% |
| 2003 | $183.70 | 1.62% |
| 2004 | $187.22 | 1.92% |
| 2005 | $196.92 | 5.18% |
| 2006 | $203.62 | 3.40% |
| 2007 | $217.06 | 6.60% |
| 2008 | $230.58 | 6.23% |
| 2009 | $286.05 | 24.06% |
| 2010 | $316.22 | 10.55% |
| 2011 | $326.97 | 3.40% |
| 2012 | $334.29 | 2.24% |
| 2013 | $343.44 | 2.74% |
| 2014 | $353.81 | 3.02% |
| 2015 | $364.60 | 3.05% |
| 2016 | $377.34 | 3.49% |
| 2017 | $400.61 | 6.17% |
| 2018 | $416.54 | 3.98% |
| 2019 | $437.10 | 4.94% |
| 2020 | $458.88 | 4.98% |
| 2021 | $492.13 | 7.24% |
| 2022 | $527.79 | 7.25% |
| 2023 | $562.35 | 6.55% |
| 2024 | $600.39 | 6.76%* |
* 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:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 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 | 2021 | 2022 | 2023 | 2024 |
| CPI | 13.800 | 13.700 | 14.200 | 14.200 | 14.500 | 15.000 | 15.200 | 15.700 | 16.500 | 16.900 | 17.600 | 18.200 | 19.788 | 20.780 | 21.320 | 21.740 | 22.480 | 23.520 | 24.660 | 24.900 | 25.000 | 25.560 | 26.340 | 27.060 | 28.240 | 29.060 | 29.300 | 29.540 | 30.520 | 31.200 | 32.867 | 34.280 | 35.508 | 37.723 | 39.769 | 43.054 | 44.923 | 47.362 | 48.669 | 51.062 | 54.685 | 57.031 | 59.754 | 62.992 | 66.769 | 71.969 | 77.762 | 86.508 | 103.377 | 110.154 | 116.685 | 124.708 | 133.623 | 145.785 | 164.438 | 181.523 | 202.723 | 219.831 | 228.392 | 220.031 | 225.738 | 232.754 | 243.692 | 274.777 | 355.792 | 394.908 | 425.208 | 461.500 | 468.992 | 477.985 | 502.762 | 519.862 | 554.184 | 588.682 | 730.316 | 807.330 | 834.769 | 853.459 | 876.822 | 903.299 | 930.848 | 963.380 | 1022.785 | 1063.453 | 1115.941 | 1171.554 | 1256.433 | 1347.485 | 1435.718 | 1532.843 |