According to the U.S. Bureau of Labor Statistics, prices for cheese and related products are 267.82% higher in 2022 versus 1977 (a $53.56 difference in value).
Between 1977 and 2022: Cheese and related products experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, cheese and related products costing $20 in the year 1977 would cost $73.56 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.51% during this same period, inflation for cheese and related products was lower.
Below are calculations of equivalent buying power for Cheese and related products, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1977 | $20.00 | - |
| 1978 | $20.95 | 4.77% |
| 1979 | $23.54 | 12.33% |
| 1980 | $25.90 | 10.04% |
| 1981 | $28.06 | 8.32% |
| 1982 | $28.77 | 2.54% |
| 1983 | $29.24 | 1.66% |
| 1984 | $29.58 | 1.14% |
| 1985 | $30.14 | 1.88% |
| 1986 | $30.23 | 0.33% |
| 1987 | $30.93 | 2.30% |
| 1988 | $31.89 | 3.12% |
| 1989 | $34.32 | 7.62% |
| 1990 | $38.30 | 11.58% |
| 1991 | $38.78 | 1.24% |
| 1992 | $39.55 | 2.00% |
| 1993 | $39.51 | -0.11% |
| 1994 | $39.84 | 0.82% |
| 1995 | $40.25 | 1.04% |
| 1996 | $42.23 | 4.93% |
| 1997 | $43.12 | 2.11% |
| 1998 | $44.46 | 3.09% |
| 1999 | $47.48 | 6.81% |
| 2000 | $47.53 | 0.10% |
| 2001 | $48.93 | 2.93% |
| 2002 | $49.64 | 1.45% |
| 2003 | $49.45 | -0.37% |
| 2004 | $52.78 | 6.73% |
| 2005 | $53.52 | 1.39% |
| 2006 | $52.79 | -1.36% |
| 2007 | $55.90 | 5.90% |
| 2008 | $62.64 | 12.05% |
| 2009 | $59.40 | -5.17% |
| 2010 | $59.81 | 0.68% |
| 2011 | $63.51 | 6.19% |
| 2012 | $64.93 | 2.24% |
| 2013 | $64.78 | -0.23% |
| 2014 | $68.34 | 5.48% |
| 2015 | $68.21 | -0.18% |
| 2016 | $66.56 | -2.43% |
| 2017 | $66.71 | 0.23% |
| 2018 | $66.93 | 0.33% |
| 2019 | $66.76 | -0.25% |
| 2020 | $70.27 | 5.26% |
| 2021 | $70.41 | 0.19% |
| 2022 | $73.56 | 4.48%* |
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cheese and related products:
| Year | 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 |
| CPI | 68.500 | 71.769 | 80.615 | 88.708 | 96.092 | 98.531 | 100.162 | 101.308 | 103.215 | 103.554 | 105.938 | 109.238 | 117.562 | 131.177 | 132.808 | 135.469 | 135.323 | 136.438 | 137.862 | 144.654 | 147.700 | 152.262 | 162.631 | 162.800 | 167.577 | 170.008 | 169.377 | 180.777 | 183.292 | 180.800 | 191.472 | 214.546 | 203.457 | 204.845 | 217.517 | 222.400 | 221.887 | 234.051 | 233.634 | 227.960 | 228.493 | 229.246 | 228.663 | 240.683 | 241.148 | 251.955 |