Other fats and oils including peanut butter price history from 1997 through 2021

Other Fats And Oils Including Peanut Butter Inflation Calculator

Prices for Other Fats And Oils Including Peanut Butter, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other fats and oils including peanut butter were 64.93% higher in 2021 versus 1997 (a $12.99 difference in value).

Between 1997 and 2021: Other fats and oils including peanut butter experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, other fats and oils including peanut butter costing $20 in the year 1997 would cost $32.99 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for other fats and oils including peanut butter was lower.

Price Inflation for Other fats and oils including peanut butter since 1997

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

Years with the largest changes in pricing: 2008 (18.21%), 2012 (12.52%), and 2011 (7.50%).

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

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
CPI	100.000	101.923	102.708	103.292	103.831	104.931	108.538	113.838	115.969	117.600	122.199	144.452	146.439	142.333	153.008	172.157	168.624	164.049	159.628	157.227	158.406	159.064	156.234	158.011	164.932

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Buying power of $20 since 1997

Below are calculations of equivalent buying power for Other fats and oils including peanut butter, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.38	1.92%
1999	$20.54	0.77%
2000	$20.66	0.57%
2001	$20.77	0.52%
2002	$20.99	1.06%
2003	$21.71	3.44%
2004	$22.77	4.88%
2005	$23.19	1.87%
2006	$23.52	1.41%
2007	$24.44	3.91%
2008	$28.89	18.21%
2009	$29.29	1.38%
2010	$28.47	-2.80%
2011	$30.60	7.50%
2012	$34.43	12.52%
2013	$33.72	-2.05%
2014	$32.81	-2.71%
2015	$31.93	-2.69%
2016	$31.45	-1.50%
2017	$31.68	0.75%
2018	$31.81	0.42%
2019	$31.25	-1.78%
2020	$31.60	1.14%
2021	$32.99	4.38%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other fats and oils including peanut butter, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Other fats and oils including peanut butter was 100.000 in the year 1997 and 164.932 in 2021:

164.932 / 100.000 * $20 = $32.99

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $32.99 in 2021 (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 1997. 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.