Peanut butter prices: $1.78 in 1997→$2.48 in 2017
Last reported price; the Bureau of Labor Statistics no longer tracks this item.
Last reported price; the Bureau of Labor Statistics no longer tracks this item.
According to the U.S. Bureau of Labor Statistics, the average price of peanut butter rose 39%, from $1.78 per pound in 1997 to $2.48 in December 2017, the last price it reported. Overall prices rose 109% over the same period, so peanut butter rose more slowly than inflation. This data is collected by a national survey and can vary from region to region.
● Price● Price, inflation-adjusted
Peanut butter prices are 92.49% higher in 2026 versus 1997 (a $1.65 difference in value).
Between 1997 and 2026, Peanut butter experienced an average inflation rate of 2.28% per year. This rate of change indicates significant inflation. In other words, peanut butter costing $1.78 in the year 1997 would cost $3.43 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for peanut butter was lower.
The average price for peanut butter is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. The table below shows the average U.S. price of peanut butter, creamy, all sizes, per lb. (453.6 gm) each year, along with the same price adjusted for inflation. To understand how price levels differ from inflation rates, see this article published by the BLS.
| Year | Price (per pound) | Price, inflation-adjusted |
|---|---|---|
| 2017 | $2.55 | $3.49 |
| 2016 | $2.58 | $3.61 |
| 2015 | $2.68 | $3.79 |
| 2014 | $2.60 | $3.67 |
| 2013 | $2.73 | $3.92 |
| 2012 | $2.78 | $4.06 |
| 2011 | $2.09 | $3.11 |
| 2010 | $2.03 | $3.11 |
| 2009 | $2.12 | $3.32 |
| 2008 | $2.03 | $3.16 |
| 2007 | $1.79 | $2.88 |
| 2006 | $1.71 | $2.85 |
| 2005 | $1.71 | $2.93 |
| 2004 | $1.81 | $3.22 |
| 2003 | $1.92 | $3.49 |
| 2002 | $1.96 | $3.65 |
| 2001 | $1.95 | $3.69 |
| 2000 | $1.89 | $3.68 |
| 1999 | $1.82 | $3.66 |
| 1998 | $1.80 | $3.70 |
| 1997 | $1.78 | $3.72 |
| 1996 | $1.79 | $3.82 |
| 1995 | $1.80 | $3.96 |
| 1994 | $1.85 | $4.18 |
| 1993 | $1.84 | $4.27 |
| 1992 | $1.94 | $4.63 |
| 1991 | $2.15 | $5.28 |
| 1990 | $1.89 | $4.84 |
| 1989 | $1.81 | $4.89 |
| 1988 | $1.79 | $5.06 |
| 1987 | $1.80 | $5.32 |
| 1986 | $1.60 | $4.88 |
| 1985 | $1.54 | $4.79 |
| 1984 | $1.49 | $4.82 |
Yearly averages. Inflation-adjusted to 2026 dollars.
Below are calculations of equivalent buying power for Peanut butter, over time, for $1.78 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 | $1.78 | - |
| 1998 | $1.81 | 1.71% |
| 1999 | $1.84 | 1.49% |
| 2000 | $1.90 | 3.35% |
| 2001 | $1.95 | 2.44% |
| 2002 | $1.97 | 1.30% |
| 2003 | $1.95 | -0.96% |
| 2004 | $1.97 | 0.79% |
| 2005 | $1.96 | -0.15% |
| 2006 | $1.98 | 0.61% |
| 2007 | $2.04 | 3.07% |
| 2008 | $2.28 | 11.87% |
| 2009 | $2.37 | 4.05% |
| 2010 | $2.30 | -3.00% |
| 2011 | $2.44 | 6.30% |
| 2012 | $3.24 | 32.39% |
| 2013 | $3.12 | -3.71% |
| 2014 | $2.97 | -4.56% |
| 2015 | $2.86 | -3.88% |
| 2016 | $2.79 | -2.54% |
| 2017 | $2.76 | -0.78% |
| 2018 | $2.80 | 1.34% |
| 2019 | $2.73 | -2.72% |
| 2020 | $2.82 | 3.30% |
| 2021 | $3.02 | 7.10% |
| 2022 | $3.30 | 9.40% |
| 2023 | $3.37 | 2.16% |
| 2024 | $3.42 | 1.40% |
| 2025 | $3.36 | -1.67% |
| 2026 | $3.43 | 1.99%* |
* 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 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 | 2022 | 2023 | 2024 | 2025 | 2026 |
| CPI | 100.000 | 101.708 | 103.225 | 106.683 | 109.292 | 110.717 | 109.650 | 110.517 | 110.350 | 111.025 | 114.433 | 128.011 | 133.189 | 129.197 | 137.331 | 181.815 | 175.064 | 167.087 | 160.607 | 156.534 | 155.314 | 157.395 | 153.107 | 158.158 | 169.386 | 185.302 | 189.309 | 191.959 | 188.745 | 192.493 |