Fats and oils price history from 2000 through 2019

Historical Price Inflation for Fats and oils

Prices for Fats And Oils, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fats and oils were 54.37% higher in 2019 versus 2000 (a $10.87 difference in value).

Between 2000 and 2019: Fats and oils experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, fats and oils costing $20 in the year 2000 would cost $30.87 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.08% 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.

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
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	227.593

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Buying power of $20 since 2000

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	$30.87	-0.20%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fats and oils, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Fats and oils was 147.433 in the year 2000 and 227.593 in 2019:

227.593 / 147.433 * $20 = $30.87

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $30.87 in 2019 (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.