Butter and margarine priced at $20 in 1997 $41.79 in 2021

Butter And Margarine Inflation Calculator

$

Prices for Butter And Margarine, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for butter and margarine were 108.96% higher in 2021 versus 1997 (a $21.79 difference in value).

Between 1997 and 2021: Butter and margarine experienced an average inflation rate of 3.12% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 1997 would cost $41.79 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for butter and margarine was higher.

Price Inflation for Butter and margarine since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2001 (14.89%), 2004 (14.87%), and 2011 (14.55%).

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

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
CPI 100.000 111.677 111.569 108.123 124.223 120.977 119.462 137.223 136.277 132.631 136.260 154.470 155.924 160.740 184.122 183.813 183.932 197.454 199.308 200.844 204.749 205.432 206.035 207.531 208.957

View price changes for other categories
New trucks · Admission to sporting events · Phoenix, Arizona · Baby food · More

Buying power of $20 since 1997

Below are calculations of equivalent buying power for Butter and margarine, 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 -
1998 $22.34 11.68%
1999 $22.31 -0.10%
2000 $21.62 -3.09%
2001 $24.84 14.89%
2002 $24.20 -2.61%
2003 $23.89 -1.25%
2004 $27.44 14.87%
2005 $27.26 -0.69%
2006 $26.53 -2.68%
2007 $27.25 2.74%
2008 $30.89 13.36%
2009 $31.18 0.94%
2010 $32.15 3.09%
2011 $36.82 14.55%
2012 $36.76 -0.17%
2013 $36.79 0.06%
2014 $39.49 7.35%
2015 $39.86 0.94%
2016 $40.17 0.77%
2017 $40.95 1.94%
2018 $41.09 0.33%
2019 $41.21 0.29%
2020 $41.51 0.73%
2021 $41.79 0.69%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for butter and margarine, 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 Butter and margarine was 100.000 in the year 1997 and 208.957 in 2021:

208.957 / 100.000 * $20 = $41.79

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $41.79 in 2021 (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 1997. 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.

» Read more about inflation and investment.