Breakfast cereal priced at $20 in 1977 $97.14 in 2023

Breakfast Cereal Inflation Calculator

$

Prices for Breakfast Cereal, 1977-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for breakfast cereal are 385.72% higher in 2023 versus 1977 (a $77.14 difference in value).

Between 1977 and 2023: Breakfast cereal experienced an average inflation rate of 3.50% per year. This rate of change indicates significant inflation. In other words, breakfast cereal costing $20 in the year 1977 would cost $97.14 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for breakfast cereal was lower.

Price Inflation for Breakfast cereal since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (14.57%), 1981 (13.86%), and 2022 (12.52%).

View price changes for other categories
Rent of primary residence · Gasoline (all types) · Fresh fruits · Juices and nonalcoholic drinks · More

Buying power of $20.00 since 1977

Below are calculations of equivalent buying power for Breakfast cereal, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$20.00-
1978$21.296.43%
1979$23.349.63%
1980$26.7414.57%
1981$30.4413.86%
1982$33.209.08%
1983$34.985.33%
1984$36.905.49%
1985$38.985.64%
1986$41.075.36%
1987$43.485.87%
1988$46.567.10%
1989$51.7911.23%
1990$55.547.23%
1991$58.886.03%
1992$61.444.35%
1993$64.194.47%
1994$66.764.00%
1995$67.420.99%
1996$66.56-1.29%
1997$65.66-1.34%
1998$66.531.31%
1999$68.382.78%
2000$69.341.41%
2001$69.940.86%
2002$71.111.68%
2003$71.560.64%
2004$71.29-0.39%
2005$71.300.02%
2006$70.02-1.79%
2007$71.812.55%
2008$74.313.48%
2009$76.272.64%
2010$75.37-1.17%
2011$78.253.82%
2012$79.902.10%
2013$79.77-0.16%
2014$80.150.47%
2015$80.480.42%
2016$79.59-1.11%
2017$78.72-1.10%
2018$77.29-1.81%
2019$77.700.53%
2020$78.721.32%
2021$80.702.51%
2022$90.8112.52%
2023$97.146.98%*

* 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 Breakfast cereal:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI57.10060.76966.62376.33186.90894.80099.854105.338111.277117.246124.131132.938147.869158.562168.115175.423183.269190.600192.492190.015187.469189.931195.215197.962199.669203.023204.315203.523203.562199.908205.014212.149217.745215.189223.415228.107227.752228.825229.784227.242224.739220.660221.819224.751230.401259.258277.348

Adjust breakfast cereal prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1977 * 1977 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Breakfast cereal was 57.100 in the year 1977 and 277.348 in 2023:

277.348 / 57.100 * $20 = $97.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $97.14 in 2023 (in the CPI category of Breakfast cereal).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Breakfast cereal in 1977. In addition to breakfast cereal, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.