The Price Of A Beer: 1952-2016

beer-money
I saw a slideshow recently on a genealogy website that took data from the Consumer Price Index from the Bureau of Labor Statistics and showed the price of a pint beginning in 1952 through last year, along with what that price would be in today’s money, in other words adjusted for inflation. I took it from a slideshow and turned into a table so you could more easily see the changes over time. Perhaps most surprising is that the average price of a beer is one-third less now than it was 64 years ago.

1-drink-bill

According to the data, the adjusted price for a pint peaked in the mid-1950s, 1956-57 to be specific. After that, the price has been coming down slowly but surely (with a few blips here and there) ever since. Part of that is undoubtedly efficiencies in both brewing and distribution. The on-and-off price wars that the big brewers engaged in over the last few decades must certainly have played a roll, as it kept prices artificially low across the board. At any rate, it’s interesting to see the prices all laid out like this over six decades. I’m sure others will see a lot more in the data, too.

wooden-nickel

Year
Price of Beer
Adjusted for Inflation
1952
$0.65
$5.93
1953
$0.65
$5.80
1954
$0.67
$5.93
1955
$0.67
$5.91
1956
$0.68
$6.01
1957
$0.69
$6.01
1958
$0.69
$5.82
1959
$0.70
$5.74
1960
$0.71
$5.77
1961
$0.71
$5.68
1962
$0.71
$5.62
1963
$0.72
$5.64
1964
$0.73
$5.64
1965
$0.74
$5.65
1966
$0.75
$5.63
1967
$0.76
$5.54
1968
$0.79
$5.61
1969
$0.82
$5.58
1970
$0.86
$5.58
1971
$0.89
$5.43
1972
$0.91
$5.32
1973
$0.94
$5.32
1974
$1.01
$5.38
1975
$1.09
$5.23
1976
$1.12
$4.93
1977
$1.15
$4.78
1978
$1.22
$4.76
1979
$1.32
$4.79
1980
$1.42
$4.63
1981
$1.52
$4.37
1982
$1.59
$4.14
1983
$1.65
$4.05
1984
$1.70
$4.04
1985
$1.75
$3.99
1986
$1.83
$4.03
1987
$1.88
$4.06
1988
$1.95
$4.06
1989
$2.03
$4.06
1990
$2.13
$4.07
1991
$2.35
$4.26
1992
$2.43
$4.22
1993
$2.47
$4.17
1994
$2.50
$4.10
1995
$2.54
$4.06
1996
$2.61
$4.05
1997
$2.68
$4.04
1998
$2.73
$4.08
1999
$2.80
$4.07
2000
$2.88
$4.09
2001
$2.95
$4.06
2002
$3.02
$4.04
2003
$3.08
$4.05
2004
$3.17
$4.08
2005
$3.23
$4.05
2006
$3.31
$4.01
2007
$3.41
$4.00
2008
$3.53
$4.03
2009
$3.64
$4.00
2010
$3.68
$4.06
2011
$3.73
$4.05
2012
$3.88
$4.00
2013
$3.87
$3.99
2014
$3.91
$3.97
2015
$3.95
$3.95
2016
$3.99
$3.99

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