Bakery products priced at $20 in 1997 $38.51 in 2022

Bakery Products Inflation Calculator

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Prices for Bakery Products, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products are 92.53% higher in 2022 versus 1997 (a $18.51 difference in value).

Between 1997 and 2022: Bakery products experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 1997 would cost $38.51 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for bakery products was higher.

In the year 1997: Pricing changed by 2.88%, which is above the average yearly change for bakery products during the 1997-2022 time period. Compared to inflation for all items in 1997 (2.33%), inflation for bakery products was higher.

Price Inflation for Bakery products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (11.38%), 1979 (10.65%), and 2008 (10.31%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.002.88%
1998$20.472.36%
1999$20.922.17%
2000$21.432.47%
2001$22.233.71%
2002$22.762.39%
2003$23.372.68%
2004$23.882.17%
2005$24.351.98%
2006$24.992.65%
2007$26.134.54%
2008$28.8210.31%
2009$29.693.02%
2010$29.59-0.35%
2011$30.693.73%
2012$31.643.11%
2013$32.181.71%
2014$32.300.36%
2015$32.751.39%
2016$32.780.09%
2017$32.77-0.01%
2018$33.050.83%
2019$33.651.84%
2020$34.462.38%
2021$35.322.52%
2022$38.519.01%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Bakery products:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI64.70067.99275.23183.79291.83896.14699.654104.185108.169111.062115.062121.769131.515139.215144.723150.408155.677161.869167.354176.069181.138185.415189.431194.108201.315206.123211.654216.238220.523226.362236.633261.026268.906267.956277.950286.583291.489292.532296.603296.866296.830299.298304.810312.064319.920348.752

Adjust bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 181.138 in the year 1997 and 348.752 in 2022:

348.752 / 181.138 * $20 = $38.51

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $38.51 in 2022 (in the CPI category of Bakery products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Bakery products in 1977. In addition to bakery products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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