Tobacco and smoking products price inflation, 2019→2024

Tobacco And Smoking Products Inflation Calculator

Prices for Tobacco And Smoking Products, 2019-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products are 37.36% higher in 2024 versus 2019 (a $7.47 difference in value).

Between 2019 and 2024: Tobacco and smoking products experienced an average inflation rate of 6.55% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 2019 would cost $27.47 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.15% during this same period, inflation for tobacco and smoking products was higher.

In the year 2019: Pricing changed by 4.94%, which is below the average yearly change for tobacco and smoking products during the 2019-2024 time period. Compared to inflation for all items in 2019 (1.81%), inflation for tobacco and smoking products was much 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 2019

Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2019	$20.00	4.94%
2020	$21.00	4.98%
2021	$22.52	7.24%
2022	$24.15	7.25%
2023	$25.73	6.55%
2024	$27.47	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

Adjust tobacco and smoking products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2019 * 2019 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Tobacco and smoking products was 1115.941 in the year 2019 and 1532.843 in 2024:

1532.843 / 1115.941 * $20 = $27.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $27.47 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.