According to the U.S. Bureau of Labor Statistics, prices for bakery products are 9.36% higher in 2021 versus 2014 (a $1.87 difference in value).
Between 2014 and 2021: Bakery products experienced an average inflation rate of 1.29% per year. In other words, bakery products costing $20 in the year 2014 would cost $21.87 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.95% during this same period, inflation for bakery products was lower.
In the year 2014: Pricing changed by 0.36%, which is below the average yearly change for bakery products during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for bakery products was lower.
Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 2014. 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: