According to the U.S. Bureau of Labor Statistics, prices for tobacco products other than cigarettes are 156.97% higher in 2024 versus 2003 (a $31.39 difference in value).
Between 2003 and 2024: Tobacco products other than cigarettes experienced an average inflation rate of 4.60% per year. This rate of change indicates significant inflation. In other words, tobacco products other than cigarettes costing $20 in the year 2003 would cost $51.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for tobacco products other than cigarettes was higher.
In the year 2003: Pricing changed by 4.29%, which is below the average yearly change for tobacco products other than cigarettes during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for tobacco products other than cigarettes was higher.
Below are calculations of equivalent buying power for Tobacco products other than cigarettes, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2003 | $20.00 | 4.29% |
2004 | $21.31 | 6.54% |
2005 | $22.46 | 5.41% |
2006 | $23.20 | 3.31% |
2007 | $23.89 | 2.97% |
2008 | $25.11 | 5.11% |
2009 | $29.55 | 17.69% |
2010 | $32.19 | 8.91% |
2011 | $33.54 | 4.22% |
2012 | $34.44 | 2.66% |
2013 | $35.30 | 2.52% |
2014 | $35.65 | 0.98% |
2015 | $36.36 | 1.98% |
2016 | $37.37 | 2.78% |
2017 | $38.91 | 4.13% |
2018 | $40.45 | 3.95% |
2019 | $41.86 | 3.49% |
2020 | $42.50 | 1.52% |
2021 | $44.43 | 4.55% |
2022 | $46.87 | 5.49% |
2023 | $49.32 | 5.23% |
2024 | $51.39 | 4.20%* |
* 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 products other than cigarettes:
Year | 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 | 100.000 | 103.385 | 111.277 | 119.215 | 123.323 | 129.000 | 134.531 | 143.323 | 151.077 | 156.085 | 160.713 | 168.921 | 198.797 | 216.512 | 225.641 | 231.632 | 237.463 | 239.795 | 244.548 | 251.358 | 261.736 | 272.087 | 281.579 | 285.850 | 298.864 | 315.278 | 331.774 | 345.702 |