Bakery products priced at $20 in 2017 $24.29 in 2022

Bakery Products Inflation Calculator


Prices for Bakery Products, 2017-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products are 21.47% higher in 2022 versus 2017 (a $4.29 difference in value).

Between 2017 and 2022: Bakery products experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 2017 would cost $24.29 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.61% during this same period, inflation for bakery products was higher.

In the year 2017: Pricing changed by -0.01%, which is significantly below the average yearly change for bakery products during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for bakery products was lower.

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 2017

Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 2017. 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 2022 / CPI in 2017 * 2017 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 296.830 in the year 2017 and 360.548 in 2022:

360.548 / 296.830 * $20 = $24.29

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2017 has the same "purchasing power" as $24.29 in 2022 (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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