Breakfast cereal priced at $20 in 1988 $41.69 in 2024

Breakfast Cereal Inflation Calculator

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Prices for Breakfast Cereal, 1988-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for breakfast cereal are 108.43% higher in 2024 versus 1988 (a $21.69 difference in value).

Between 1988 and 2024: Breakfast cereal experienced an average inflation rate of 2.06% per year. This rate of change indicates significant inflation. In other words, breakfast cereal costing $20 in the year 1988 would cost $41.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation for breakfast cereal was lower.

In the year 1988: Pricing changed by 7.10%, which is significantly above the average yearly change for breakfast cereal during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for breakfast cereal was much higher.

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
Educational books and supplies · Fresh fruits · Bananas · Milk · More

Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for Breakfast cereal, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.007.10%
1989$22.2511.23%
1990$23.857.23%
1991$25.296.03%
1992$26.394.35%
1993$27.574.47%
1994$28.674.00%
1995$28.960.99%
1996$28.59-1.29%
1997$28.20-1.34%
1998$28.571.31%
1999$29.372.78%
2000$29.781.41%
2001$30.040.86%
2002$30.541.68%
2003$30.740.64%
2004$30.62-0.39%
2005$30.620.02%
2006$30.08-1.79%
2007$30.842.55%
2008$31.923.48%
2009$32.762.64%
2010$32.37-1.17%
2011$33.613.82%
2012$34.322.10%
2013$34.26-0.16%
2014$34.430.47%
2015$34.570.42%
2016$34.19-1.11%
2017$33.81-1.10%
2018$33.20-1.81%
2019$33.370.53%
2020$33.811.32%
2021$34.662.51%
2022$39.0012.52%
2023$41.726.97%
2024$41.69-0.09%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI57.10060.76966.62376.33186.90894.80099.854105.338111.277117.246124.131132.938147.869158.562168.115175.423183.269190.600192.492190.015187.469189.931195.215197.962199.669203.023204.315203.523203.562199.908205.014212.149217.745215.189223.415228.107227.752228.825229.784227.242224.739220.660221.819224.751230.401259.258277.333277.078

Adjust breakfast cereal prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Breakfast cereal was 132.938 in the year 1988 and 277.078 in 2024:

277.078 / 132.938 * $20 = $41.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $41.69 in 2024 (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.

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