Other beverage materials including tea priced at $20 in 2003 $22.72 in 2018

Historical Price Inflation for Other beverage materials including tea

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Prices for Other Beverage Materials Including Tea, 2003-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other beverage materials including tea were 13.61% higher in 2018 versus 2003 (a $2.72 difference in value).

Between 2003 and 2018: Other beverage materials including tea experienced an average inflation rate of 0.85% per year. In other words, other beverage materials including tea costing $20 in the year 2003 would cost $22.72 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for other beverage materials including tea was lower.

Price Inflation for Other beverage materials including tea since 2003

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (2.83%), 2008 (2.53%), and 2005 (1.51%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other beverage materials including tea:

Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 113.142 113.433 115.150 116.508 119.805 122.840 124.327 124.778 125.542 126.125 127.555 128.288 127.908 128.553 128.552 128.538

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Buying power of $20 since 2003

Below are calculations of equivalent buying power for Other beverage materials including tea, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2003 $20.00 -
2004 $20.05 0.26%
2005 $20.36 1.51%
2006 $20.60 1.18%
2007 $21.18 2.83%
2008 $21.71 2.53%
2009 $21.98 1.21%
2010 $22.06 0.36%
2011 $22.19 0.61%
2012 $22.30 0.46%
2013 $22.55 1.13%
2014 $22.68 0.58%
2015 $22.61 -0.30%
2016 $22.72 0.50%
2017 $22.72 0.00%
2018 $22.72 -0.01%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other beverage materials including tea, 2003-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Other beverage materials including tea was 113.142 in the year 2003 and 128.538 in 2018:

128.538 / 113.142 * $20 = $22.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $22.72 in 2018 (in the CPI category of Other beverage materials including tea).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other beverage materials including tea in 2003. In addition to other beverage materials including tea, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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