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US Alcohol Consumption vs US Inflation Rate

US Alcohol Consumption and US Inflation Rate correlate at r = -0.34 over 21 years (2000–2020), p = 0.132. With the time trend removed, r = +0.22. Not statistically significant.

Verdict: Not statistically significant. With n = 21, this correlation isn't statistically significant (p = 0.132). It could easily be chance.

Pearson r
-0.34
p-value
0.132
Years compared (n)
21 (2000–2020)
95% confidence interval
-0.67 to 0.11
Correlation with the time trend removed
+0.22

Sources

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Correlation does not imply causation. How the verdict is worked out.