Bakery products priced at $20 in 2007 $33.16 in 2023

Bakery Products Inflation Calculator


Prices for Bakery Products, 2007-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products are 65.82% higher in 2023 versus 2007 (a $13.16 difference in value).

Between 2007 and 2023: Bakery products experienced an average inflation rate of 3.21% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 2007 would cost $33.16 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for bakery products was higher.

In the year 2007: Pricing changed by 4.54%, which is above the average yearly change for bakery products during the 2007-2023 time period. Compared to inflation for all items in 2007 (2.85%), 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%).

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Buying power of $20.00 since 2007

Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 2007. 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 Bakery products:


Adjust bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2007 * 2007 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 236.633 in the year 2007 and 392.378 in 2023:

392.378 / 236.633 * $20 = $33.16

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2007 has the same "purchasing power" as $33.16 in 2023 (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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