Tobacco and smoking products priced at $20 in 1997 $101.39 in 2021

Tobacco And Smoking Products Inflation Calculator

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Prices for Tobacco And Smoking Products, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products were 406.93% higher in 2021 versus 1997 (a $81.39 difference in value).

Between 1997 and 2021: Tobacco and smoking products experienced an average inflation rate of 7% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 1997 would cost $101.39 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for tobacco and smoking products was significantly higher.

In the year 1997: Pricing changed by 4.70%, which is below the average yearly change for tobacco and smoking products during the 1997-2021 time period. Compared to inflation for all items in 1997 (2.33%), 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%).

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
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 1235.342

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Buying power of $20 since 1997

Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 4.70%
1998 $22.55 12.76%
1999 $29.20 29.48%
2000 $32.41 10.99%
2001 $34.90 7.67%
2002 $37.88 8.54%
2003 $38.49 1.62%
2004 $39.23 1.92%
2005 $41.26 5.18%
2006 $42.67 3.40%
2007 $45.48 6.60%
2008 $48.31 6.23%
2009 $59.94 24.06%
2010 $66.26 10.55%
2011 $68.51 3.40%
2012 $70.04 2.24%
2013 $71.96 2.74%
2014 $74.13 3.02%
2015 $76.40 3.05%
2016 $79.07 3.49%
2017 $83.94 6.17%
2018 $87.28 3.98%
2019 $91.59 4.94%
2020 $96.15 4.98%
2021 $101.39 5.44%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tobacco and smoking products, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Tobacco and smoking products was 243.692 in the year 1997 and 1235.342 in 2021:

1235.342 / 243.692 * $20 = $101.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $101.39 in 2021 (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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