According to the U.S. Bureau of Labor Statistics, prices for baby food are 8.47% higher in 2022 versus 2021 (a $0.85 difference in value).
Between 2021 and 2022: Baby food experienced an average inflation rate of 8.47% per year. This rate of change indicates significant inflation. In other words, baby food costing $10 in the year 2021 would cost $10.85 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.41% during this same period, inflation for baby food was higher.
In the year 2021: Pricing changed by 2.62%, which is significantly below the average yearly change for baby food during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for baby food was lower.
Below are calculations of equivalent buying power for Baby food, over time, for $10 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Baby food: