Prices for Tobacco And Smoking Products, 1935-2024 ($20)
According to the U.S. Bureau of Labor Statistics, prices for tobacco and smoking products are 10,749.69% higher in 2024 versus 1935 (a $2,149.94 difference in value).
Between 1935 and 2024: Tobacco and smoking products experienced an average inflation rate of 5.41% per year. This rate of change indicates significant inflation. In other words, tobacco and smoking products costing $20 in the year 1935 would cost $2,169.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for tobacco and smoking products was higher.
Price Inflation for Tobacco and smoking products since 1935
Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1999 (29.48%), 2009 (24.06%), and 1983 (19.50%).
View price changes for other categories
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Buying power of $20.00 since 1935
Below are calculations of equivalent buying power for Tobacco and smoking products, over time, for $20 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1935 | $20.00 | - |
| 1936 | $19.86 | -0.72% |
| 1937 | $20.58 | 3.65% |
| 1938 | $20.58 | 0.00% ** |
| 1939 | $21.01 | 2.11% |
| 1940 | $21.74 | 3.45% |
| 1941 | $22.03 | 1.33% |
| 1942 | $22.75 | 3.29% |
| 1943 | $23.91 | 5.10% |
| 1944 | $24.49 | 2.42% |
| 1945 | $25.51 | 4.14% |
| 1946 | $26.38 | 3.41% |
| 1947 | $28.68 | 8.72% |
| 1948 | $30.12 | 5.02% |
| 1949 | $30.90 | 2.60% |
| 1950 | $31.51 | 1.97% |
| 1951 | $32.58 | 3.40% |
| 1952 | $34.09 | 4.63% |
| 1953 | $35.74 | 4.85% |
| 1954 | $36.09 | 0.97% |
| 1955 | $36.23 | 0.40% |
| 1956 | $37.04 | 2.24% |
| 1957 | $38.17 | 3.05% |
| 1958 | $39.22 | 2.73% |
| 1959 | $40.93 | 4.36% |
| 1960 | $42.12 | 2.90% |
| 1961 | $42.46 | 0.83% |
| 1962 | $42.81 | 0.82% |
| 1963 | $44.23 | 3.32% |
| 1964 | $45.22 | 2.23% |
| 1965 | $47.63 | 5.34% |
| 1966 | $49.68 | 4.30% |
| 1967 | $51.46 | 3.58% |
| 1968 | $54.67 | 6.24% |
| 1969 | $57.64 | 5.42% |
| 1970 | $62.40 | 8.26% |
| 1971 | $65.11 | 4.34% |
| 1972 | $68.64 | 5.43% |
| 1973 | $70.54 | 2.76% |
| 1974 | $74.00 | 4.92% |
| 1975 | $79.25 | 7.10% |
| 1976 | $82.65 | 4.29% |
| 1977 | $86.60 | 4.77% |
| 1978 | $91.29 | 5.42% |
| 1979 | $96.77 | 6.00% |
| 1980 | $104.30 | 7.79% |
| 1981 | $112.70 | 8.05% |
| 1982 | $125.37 | 11.25% |
| 1983 | $149.82 | 19.50% |
| 1984 | $159.64 | 6.56% |
| 1985 | $169.11 | 5.93% |
| 1986 | $180.74 | 6.88% |
| 1987 | $193.66 | 7.15% |
| 1988 | $211.28 | 9.10% |
| 1989 | $238.32 | 12.80% |
| 1990 | $263.08 | 10.39% |
| 1991 | $293.80 | 11.68% |
| 1992 | $318.60 | 8.44% |
| 1993 | $331.00 | 3.89% |
| 1994 | $318.89 | -3.66% |
| 1995 | $327.16 | 2.59% |
| 1996 | $337.32 | 3.11% |
| 1997 | $353.18 | 4.70% |
| 1998 | $398.23 | 12.76% |
| 1999 | $515.64 | 29.48% |
| 2000 | $572.33 | 10.99% |
| 2001 | $616.24 | 7.67% |
| 2002 | $668.84 | 8.54% |
| 2003 | $679.70 | 1.62% |
| 2004 | $692.73 | 1.92% |
| 2005 | $728.64 | 5.18% |
| 2006 | $753.42 | 3.40% |
| 2007 | $803.16 | 6.60% |
| 2008 | $853.16 | 6.23% |
| 2009 | $1,058.43 | 24.06% |
| 2010 | $1,170.04 | 10.55% |
| 2011 | $1,209.81 | 3.40% |
| 2012 | $1,236.90 | 2.24% |
| 2013 | $1,270.76 | 2.74% |
| 2014 | $1,309.13 | 3.02% |
| 2015 | $1,349.05 | 3.05% |
| 2016 | $1,396.20 | 3.49% |
| 2017 | $1,482.30 | 6.17% |
| 2018 | $1,541.24 | 3.98% |
| 2019 | $1,617.31 | 4.94% |
| 2020 | $1,697.90 | 4.98% |
| 2021 | $1,820.92 | 7.24% |
| 2022 | $1,952.88 | 7.25% |
| 2023 | $2,080.75 | 6.55% |
| 2024 | $2,169.94 | 4.29%* |
* 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 Tobacco and smoking products:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 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 | 13.800 | 13.700 | 14.200 | 14.200 | 14.500 | 15.000 | 15.200 | 15.700 | 16.500 | 16.900 | 17.600 | 18.200 | 19.788 | 20.780 | 21.320 | 21.740 | 22.480 | 23.520 | 24.660 | 24.900 | 25.000 | 25.560 | 26.340 | 27.060 | 28.240 | 29.060 | 29.300 | 29.540 | 30.520 | 31.200 | 32.867 | 34.280 | 35.508 | 37.723 | 39.769 | 43.054 | 44.923 | 47.362 | 48.669 | 51.062 | 54.685 | 57.031 | 59.754 | 62.992 | 66.769 | 71.969 | 77.762 | 86.508 | 103.377 | 110.154 | 116.685 | 124.708 | 133.623 | 145.785 | 164.438 | 181.523 | 202.723 | 219.831 | 228.392 | 220.031 | 225.738 | 232.754 | 243.692 | 274.777 | 355.792 | 394.908 | 425.208 | 461.500 | 468.992 | 477.985 | 502.762 | 519.862 | 554.184 | 588.682 | 730.316 | 807.330 | 834.769 | 853.459 | 876.822 | 903.299 | 930.848 | 963.380 | 1022.785 | 1063.453 | 1115.941 | 1171.554 | 1256.433 | 1347.485 | 1435.718 | 1497.257 |
Adjust tobacco and smoking products prices for inflation
Start with the inflation rate formula:
CPI in 2024 / CPI in 1935 * 1935 USD value = 2024 USD value
Then plug in historical CPI values from above. The CPI for Tobacco and smoking products was 13.800 in the year 1935 and 1497.257 in 2024:
1497.257 / 13.800 * $20 = $2,169.94
Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1935 has the same "purchasing power" as $2,169.94 in 2024 (in the CPI category of Tobacco and smoking products).
Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tobacco and smoking products in 1935. In addition to tobacco and smoking products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.
