Distilled spirits away from home price inflation, 1997→2024

Distilled Spirits Away From Home Inflation Calculator

Prices for Distilled Spirits Away From Home, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for distilled spirits away from home are 137.02% higher in 2024 versus 1997 (a $27.40 difference in value).

Between 1997 and 2024: Distilled spirits away from home experienced an average inflation rate of 3.25% per year. This rate of change indicates significant inflation. In other words, distilled spirits away from home costing $20 in the year 1997 would cost $47.40 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for distilled spirits away from home was higher.

Price Inflation for Distilled spirits away from home since 1997

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

Years with the largest changes in pricing: 2023 (6.79%), 2022 (4.91%), and 2007 (4.88%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Distilled spirits away from home, 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	$20.26	1.28%
1999	$20.78	2.57%
2000	$21.51	3.55%
2001	$22.49	4.55%
2002	$23.18	3.04%
2003	$24.00	3.56%
2004	$24.96	4.00%
2005	$25.81	3.38%
2006	$26.86	4.07%
2007	$28.17	4.88%
2008	$29.53	4.85%
2009	$30.08	1.86%
2010	$30.57	1.63%
2011	$31.49	2.99%
2012	$32.70	3.85%
2013	$33.61	2.78%
2014	$34.23	1.84%
2015	$35.39	3.39%
2016	$36.48	3.09%
2017	$37.12	1.74%
2018	$37.93	2.19%
2019	$38.19	0.67%
2020	$39.83	4.30%
2021	$41.33	3.76%
2022	$43.36	4.91%
2023	$46.30	6.79%
2024	$47.40	2.38%*

* 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 Distilled spirits away from home:

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	101.277	103.877	107.569	112.462	115.877	120.008	124.808	129.031	134.285	140.844	147.671	150.414	152.862	157.430	163.496	168.048	171.147	176.945	182.417	185.586	189.652	190.926	199.139	206.636	216.790	231.502	237.017

Adjust distilled spirits away from home 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 Distilled spirits away from home was 100.000 in the year 1997 and 237.017 in 2024:

237.017 / 100.000 * $20 = $47.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $47.40 in 2024 (in the CPI category of Distilled spirits away from home).

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