According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products were 59.20% higher in 2020 versus 2009 (a $11.84 difference in value).
Between 2009 and 2020: Tobacco and smoking products experienced an average inflation rate of 4.32% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 2009 would cost $31.84 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.69% during this same period, inflation for tobacco and smoking products was higher.
In the year 2009: Pricing changed by 24.06%, which is significantly above the average yearly change for tobacco and smoking products during the 2009-2020 time period. Compared to inflation for all items in 2009 (-0.36%), 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:
Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|