Butter and margarine priced at $20 in 2002 $33.96 in 2018

Historical Price Inflation for Butter and margarine

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Prices for Butter And Margarine, 2002-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for butter and margarine were 69.78% higher in 2018 versus 2002 (a $13.96 difference in value).

Between 2002 and 2018: Butter and margarine experienced an average inflation rate of 3.36% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 2002 would cost $33.96 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for butter and margarine was higher.

Price Inflation for Butter and margarine since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (14.83%), 2011 (14.51%), and 2008 (13.39%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Butter and margarine:

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 121.008 119.483 137.208 136.233 132.567 136.240 154.483 155.920 160.766 184.091 183.747 183.909 197.430 199.304 200.864 204.778 205.445

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Buying power of $20 since 2002

Below are calculations of equivalent buying power for Butter and margarine, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2002 $20.00 -
2003 $19.75 -1.26%
2004 $22.68 14.83%
2005 $22.52 -0.71%
2006 $21.91 -2.69%
2007 $22.52 2.77%
2008 $25.53 13.39%
2009 $25.77 0.93%
2010 $26.57 3.11%
2011 $30.43 14.51%
2012 $30.37 -0.19%
2013 $30.40 0.09%
2014 $32.63 7.35%
2015 $32.94 0.95%
2016 $33.20 0.78%
2017 $33.85 1.95%
2018 $33.96 0.33%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for butter and margarine, 2002-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2002 * 2002 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Butter and margarine was 121.008 in the year 2002 and 205.445 in 2018:

205.445 / 121.008 * $20 = $33.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $33.96 in 2018 (in the CPI category of Butter and margarine).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Butter and margarine in 2002. In addition to butter and margarine, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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