According to the U.S. Bureau of Labor Statistics, prices for bakery products are 113.75% higher in 2024 versus 1998 (a $22.75 difference in value).
Between 1998 and 2024: Bakery products experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 1998 would cost $42.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for bakery products was higher.
In the year 1998: Pricing changed by 2.36%, which is below the average yearly change for bakery products during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for bakery products was higher.
Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1998 | $20.00 | 2.36% |
1999 | $20.43 | 2.17% |
2000 | $20.94 | 2.47% |
2001 | $21.72 | 3.71% |
2002 | $22.23 | 2.39% |
2003 | $22.83 | 2.68% |
2004 | $23.32 | 2.17% |
2005 | $23.79 | 1.98% |
2006 | $24.42 | 2.65% |
2007 | $25.52 | 4.54% |
2008 | $28.16 | 10.31% |
2009 | $29.01 | 3.02% |
2010 | $28.90 | -0.35% |
2011 | $29.98 | 3.73% |
2012 | $30.91 | 3.11% |
2013 | $31.44 | 1.71% |
2014 | $31.55 | 0.36% |
2015 | $31.99 | 1.39% |
2016 | $32.02 | 0.09% |
2017 | $32.02 | -0.01% |
2018 | $32.28 | 0.83% |
2019 | $32.88 | 1.84% |
2020 | $33.66 | 2.38% |
2021 | $34.51 | 2.52% |
2022 | $38.89 | 12.70% |
2023 | $42.39 | 8.99% |
2024 | $42.75 | 0.85%* |
* 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:
Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 64.700 | 67.992 | 75.231 | 83.792 | 91.838 | 96.146 | 99.654 | 104.185 | 108.169 | 111.062 | 115.062 | 121.769 | 131.515 | 139.215 | 144.723 | 150.408 | 155.677 | 161.869 | 167.354 | 176.069 | 181.138 | 185.415 | 189.431 | 194.108 | 201.315 | 206.123 | 211.654 | 216.238 | 220.523 | 226.362 | 236.633 | 261.026 | 268.906 | 267.956 | 277.950 | 286.583 | 291.489 | 292.532 | 296.603 | 296.866 | 296.830 | 299.298 | 304.810 | 312.064 | 319.920 | 360.548 | 392.958 | 396.317 |