Fats and oils price history from 1989 through 2020

Fats And Oils Inflation Calculator

Prices for Fats And Oils, 1989-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fats and oils were 89.05% higher in 2020 versus 1989 (a $17.81 difference in value).

Between 1989 and 2020: Fats and oils experienced an average inflation rate of 2.08% per year. This rate of change indicates significant inflation. In other words, fats and oils costing $20 in the year 1989 would cost $37.81 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for fats and oils was lower.

Price Inflation for Fats and oils since 1989

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2008 (13.80%), 2011 (9.26%), and 2004 (6.60%).

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	2020
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	227.308	225.967	227.739	228.054	226.430	229.068

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Buying power of $20 since 1989

Below are calculations of equivalent buying power for Fats and oils, over time, for $20 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1989	$20.00	-
1990	$20.86	4.28%
1991	$21.75	4.27%
1992	$21.43	-1.45%
1993	$21.46	0.12%
1994	$22.04	2.71%
1995	$22.66	2.82%
1996	$23.19	2.37%
1997	$23.39	0.84%
1998	$24.25	3.66%
1999	$24.47	0.92%
2000	$24.34	-0.55%
2001	$25.71	5.63%
2002	$25.66	-0.18%
2003	$25.98	1.24%
2004	$27.69	6.60%
2005	$27.68	-0.04%
2006	$27.73	0.16%
2007	$28.54	2.93%
2008	$32.48	13.80%
2009	$33.22	2.27%
2010	$33.11	-0.31%
2011	$36.18	9.26%
2012	$38.38	6.10%
2013	$37.85	-1.40%
2014	$37.90	0.16%
2015	$37.52	-1.01%
2016	$37.30	-0.59%
2017	$37.59	0.78%
2018	$37.64	0.14%
2019	$37.37	-0.71%
2020	$37.81	1.17%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fats and oils, 1989-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1989 * 1989 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fats and oils was 121.167 in the year 1989 and 229.068 in 2020:

229.068 / 121.167 * $20 = $37.81

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $37.81 in 2020 (in the CPI category of Fats and oils).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fats and oils in 1989. In addition to fats and oils, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.