Prices for Butter, 1939-2022 ($3.18)According to the U.S. Bureau of Labor Statistics, prices for butter are 1,884.34% higher in 2022 versus 1939 (a $59.92 difference in value). Show
The current national average price is $3.18 for "Butter, salted, grade AA, stick, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region. Between 1939 and 2022: Butter experienced an average inflation rate of 3.67% per year. This rate of change indicates significant inflation. In other words, butter costing $3.18 in the year 1939 would cost $63.10 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.73% during this same period, inflation for butter was lower. Price Inflation for Butter since 1939Consumer Price Index, U.S. Bureau of Labor StatisticsYears with the largest changes in pricing: 1946 (41.08%), 1998 (31.11%), and 2004 (29.15%). Price historyThe average price for Butter is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS. Average prices for Butter, salted, grade AA, stick, per lb. (453.6 gm): Buying power of $3.18 since 1939Below are calculations of equivalent buying power for Butter, over time, for $3.18 beginning in 1939. Each of the amounts below is equivalent in terms of what it could buy at the time: Adjust butter prices for inflationStart with the inflation rate formula: CPI in 2022 / CPI in 1939 * 1939 USD value = 2022 USD value Then plug in historical CPI values from above. The CPI for Butter was 14.508 in the year 1939 and 287.882 in 2022: 287.882 / 14.508 * $3.18 = $63.10 Therefore, according to U.S. Bureau of Labor Statistics, $3.18 in 1939 has the same "purchasing power" as $63.10 in 2022 (in the CPI category of Butter). Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Butter in 1939. In addition to butter, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services. Export market prices for Australia butterMarket prices of butter have decreased. Prior to 2019, one kg of butter was going for US$5.20 in 2017 and US$5.54 in 2018. In 2019 the export price changed to $4.85 per kilo, by -12.431%. Export values for Australia butterThe total values in export for butter in Australia were US$ 113,560, US$ 84,993, US$ 91,435 and US$ 86,551 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order. Loading... Loading... The prices of butter in Australia per tonne for the years 2016, 2017, 2018 and 2019 were US$ 3,478.74, US$ 5,198.67, US$ 5,535.48 and US$ 4,847.44 respectively. The total values in export for butter in Australia were US$ 113,560, US$ 84,993, US$ 91,435 and US$ 86,551 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order. Loading... Australia butter wholesale priceIn 2022, the approximate price range for Australia Butter is between US$ 4.85 and US$ 5.54 per kilogram or between US$ 2.2 and US$ 2.51 per pound(lb). The price in Australian Dollar is AUD 6.26 per kg. The average price for a tonne is US$ 4847.44 in Melbourne and Canberra. Australia's import price for butter in 2019 was US$4.83 per kg. Source: U.S. Bureau of Labor Statistics Release: Average Price Data Units: U.S. Dollars, Not Seasonally Adjusted Frequency: Monthly Notes:Regular butter, sold in sticks, per pound (16 oz.). Includes organic and non-organic butter. Average consumer prices are calculated for household fuel, motor fuel, and food items from prices collected for the Consumer Price Index (CPI). Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change. Prices, except for electricity, are collected monthly by BLS representatives in the 75 urban areas priced for the CPI. Electricity prices are collected for the BLS for the same 75 areas on a monthly basis by the Department of Energy using mail questionnaires. All fuel prices include applicable Federal, State, and local taxes; prices for natural gas and electricity also include fuel and purchased gas adjustments. For more information, please visit the Bureau of Labor Statistics. Suggested Citation:U.S. Bureau of Labor Statistics, Average Price: Butter, Stick (Cost per Pound/453.6 Grams) in U.S. City Average [APU0000FS1101], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/APU0000FS1101, October 1, 2022. How much is a pound of butter cost?The current national average price is $3.18 for "Butter, salted, grade AA, stick, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region. Between 1939 and 2022: Butter experienced an average inflation rate of 3.67% per year.
What is the cost of butter?Buy Amul Pasteurized Butter 500 Gm Carton Online At Best Price of Rs 265 - bigbasket.
How much is butter in the US?US butter wholesale price. In 2022, the approximate price range for US Butter is between US$ 3.77 and US$ 3.51 per kilogram or between US$ 1.71 and US$ 1.59 per pound(lb). The price in Euro is EUR 3.77 per kg.
Has the price of butter increased?The Wall Street Journal reports butter prices were up 24.6% year over year in August. That's almost twice as much as the overall increase in U.S. grocery prices over the same period. Butter supply shortages are reportedly to blame.
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How much does a pound of butter cost in 2022
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