According to the U.S. Bureau of Labor Statistics, prices for fats and oils were 53.74% higher in 2019 versus 2000 (a $10.75 difference in value).
Between 2000 and 2019: Fats and oils experienced an average inflation rate of 2.29% per year. This rate of change indicates significant inflation. In other words, fats and oils costing $20 in the year 2000 would cost $30.75 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for fats and oils was higher.
In the year 2000: Pricing changed by -0.55%, which is below the average yearly change for fats and oils during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for fats and oils was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fats and oils:
Year | 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 |
CPI | 121.167 | 126.358 | 131.750 | 129.833 | 129.992 | 133.508 | 137.267 | 140.517 | 141.700 | 146.892 | 148.242 | 147.433 | 155.733 | 155.458 | 157.392 | 167.783 | 167.708 | 167.983 | 172.910 | 196.770 | 201.234 | 200.609 | 219.188 | 232.548 | 229.281 | 229.638 | 227.283 | 225.949 | 227.726 | 228.044 | 226.661 |
Below are calculations of equivalent buying power for Fats and oils, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $20.00 | -0.55% |
2001 | $21.13 | 5.63% |
2002 | $21.09 | -0.18% |
2003 | $21.35 | 1.24% |
2004 | $22.76 | 6.60% |
2005 | $22.75 | -0.04% |
2006 | $22.79 | 0.16% |
2007 | $23.46 | 2.93% |
2008 | $26.69 | 13.80% |
2009 | $27.30 | 2.27% |
2010 | $27.21 | -0.31% |
2011 | $29.73 | 9.26% |
2012 | $31.55 | 6.10% |
2013 | $31.10 | -1.40% |
2014 | $31.15 | 0.16% |
2015 | $30.83 | -1.03% |
2016 | $30.65 | -0.59% |
2017 | $30.89 | 0.79% |
2018 | $30.94 | 0.14% |
2019 | $30.75 | -0.61%* |