According to the U.S. Bureau of Labor Statistics, prices for bakery products are 19.64% higher in 2022 versus 2013 (a $3.93 difference in value).
Between 2013 and 2022: Bakery products experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 2013 would cost $23.93 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for bakery products was lower.
In the year 2013: Pricing changed by 1.71%, which is below the average yearly change for bakery products during the 2013-2022 time period. Compared to inflation for all items in 2013 (1.46%), inflation for bakery products was higher.
Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 2013. 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 Bakery products: