Other fats and oils including peanut butter priced at $20 in 2003 $29.33 in 2018

Historical Price Inflation for Other fats and oils including peanut butter

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Prices for Other Fats And Oils Including Peanut Butter, 2003-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other fats and oils including peanut butter were 46.64% higher in 2018 versus 2003 (a $9.33 difference in value).

Between 2003 and 2018: Other fats and oils including peanut butter experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, other fats and oils including peanut butter costing $20 in the year 2003 would cost $29.33 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for other fats and oils including peanut butter was higher.

Price Inflation for Other fats and oils including peanut butter since 2003

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (18.23%), 2012 (12.48%), and 2011 (7.52%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other fats and oils including peanut butter:

Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 108.558 113.833 115.942 117.592 122.215 144.496 146.459 142.347 153.046 172.141 168.587 164.018 159.607 157.220 158.409 159.189

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Buying power of $20 since 2003

Below are calculations of equivalent buying power for Other fats and oils including peanut butter, 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 $20.97 4.86%
2005 $21.36 1.85%
2006 $21.66 1.42%
2007 $22.52 3.93%
2008 $26.62 18.23%
2009 $26.98 1.36%
2010 $26.23 -2.81%
2011 $28.20 7.52%
2012 $31.71 12.48%
2013 $31.06 -2.06%
2014 $30.22 -2.71%
2015 $29.40 -2.69%
2016 $28.96 -1.50%
2017 $29.18 0.76%
2018 $29.33 0.49%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other fats and oils including peanut butter, 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 fats and oils including peanut butter was 108.558 in the year 2003 and 159.189 in 2018:

159.189 / 108.558 * $20 = $29.33

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $29.33 in 2018 (in the CPI category of Other fats and oils including peanut butter).


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

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