Cigarettes price inflation, 1997→2024

Cigarettes Inflation Calculator

Prices for Cigarettes, 1997-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for cigarettes are 537.60% higher in 2024 versus 1997 (a $26.88 difference in value).

Between 1997 and 2024: Cigarettes experienced an average inflation rate of 7.10% per year. This rate of change indicates significant inflation. In other words, cigarettes costing $5 in the year 1997 would cost $31.88 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for cigarettes was significantly higher.

Price Inflation for Cigarettes since 1997

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

Years with the largest changes in pricing: 1999 (30.95%), 2009 (24.45%), and 2000 (11.21%).

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Buying power of $5.00 since 1997

Below are calculations of equivalent buying power for Cigarettes, over time, for $5 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	$5.00	-
1998	$5.49	9.79%
1999	$7.19	30.95%
2000	$7.99	11.21%
2001	$8.63	7.90%
2002	$9.38	8.80%
2003	$9.52	1.45%
2004	$9.67	1.60%
2005	$10.17	5.17%
2006	$10.52	3.40%
2007	$11.24	6.85%
2008	$11.95	6.30%
2009	$14.87	24.45%
2010	$16.45	10.65%
2011	$17.00	3.34%
2012	$17.38	2.21%
2013	$17.86	2.75%
2014	$18.42	3.18%
2015	$19.00	3.13%
2016	$19.67	3.56%
2017	$20.91	6.30%
2018	$21.74	3.97%
2019	$22.85	5.09%
2020	$24.08	5.37%
2021	$25.90	7.59%
2022	$27.83	7.44%
2023	$29.71	6.75%
2024	$31.88	7.31%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cigarettes:

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	2022	2023	2024
CPI	100.000	109.792	143.769	159.885	172.515	187.692	190.408	193.454	203.462	210.369	224.787	238.951	297.381	329.046	340.026	347.536	357.104	368.444	379.982	393.495	418.274	434.883	457.011	481.555	518.090	556.619	594.187	637.603

Adjust cigarettes prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cigarettes was 100.000 in the year 1997 and 637.603 in 2024:

637.603 / 100.000 * $5 = $31.88

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1997 has the same "purchasing power" as $31.88 in 2024 (in the CPI category of Cigarettes).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cigarettes in 1997. In addition to cigarettes, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.