Baby Food and Formula priced at $20 in 2020 $23.72 in 2023

Baby Food And Formula Inflation Calculator


Prices for Baby Food And Formula, 2020-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for baby food and formula are 18.62% higher in 2023 versus 2020 (a $3.72 difference in value).

Between 2020 and 2023: Baby Food and Formula experienced an average inflation rate of 5.86% per year. This rate of change indicates significant inflation. In other words, baby food and formula costing $20 in the year 2020 would cost $23.72 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.05% during this same period, inflation for baby food and formula was higher.

In the year 2020: Pricing changed by 2.62%, which is significantly below the average yearly change for baby food and formula during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for baby food and formula was higher.

Price Inflation for Baby Food and Formula since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (11.56%), 2008 (5.60%), and 2019 (4.24%).

View price changes for other categories
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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Baby Food and Formula, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 Baby Food and Formula:


Adjust baby food and formula prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2020 * 2020 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Baby Food and Formula was 173.071 in the year 2020 and 205.291 in 2023:

205.291 / 173.071 * $20 = $23.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $23.72 in 2023 (in the CPI category of Baby Food and Formula).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Baby Food and Formula in 1997. In addition to baby food and formula, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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