Bakery products priced at $20 in 1997 $43.69 in 2024

Bakery Products Inflation Calculator

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Prices for Bakery Products, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products are 118.45% higher in 2024 versus 1997 (a $23.69 difference in value).

Between 1997 and 2024: Bakery products experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 1997 would cost $43.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for bakery products was higher.

In the year 1997: Pricing changed by 2.88%, which is below the average yearly change for bakery products during the 1997-2024 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: 2022 (12.70%), 1980 (11.38%), and 1979 (10.65%).

View price changes for other categories
Jewelry · Food · Frankfurters · Dallas-Fort Worth, Texas · More

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$39.8112.70%
2023$43.398.99%
2024$43.690.69%*

* 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 Bakery products:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI64.70067.99275.23183.79291.83896.14699.654104.185108.169111.062115.062121.769131.515139.215144.723150.408155.677161.869167.354176.069181.138185.415189.431194.108201.315206.123211.654216.238220.523226.362236.633261.026268.906267.956277.950286.583291.489292.532296.603296.866296.830299.298304.810312.064319.920360.548392.958395.688

Adjust bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 181.138 in the year 1997 and 395.688 in 2024:

395.688 / 181.138 * $20 = $43.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $43.69 in 2024 (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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