Breakfast cereal priced at $20 in 2020 $24.25 in 2023

Breakfast Cereal Inflation Calculator

$

Prices for Breakfast Cereal, 2020-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for breakfast cereal are 21.23% higher in 2023 versus 2020 (a $4.25 difference in value).

Between 2020 and 2023: Breakfast cereal experienced an average inflation rate of 6.63% per year. This rate of change indicates significant inflation. In other words, breakfast cereal costing $20 in the year 2020 would cost $24.25 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.05% during this same period, inflation for breakfast cereal was higher.

In the year 2020: Pricing changed by 1.32%, which is significantly below the average yearly change for breakfast cereal during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for breakfast cereal was 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 · Wine at home · Admission to sporting events · Dental services · More

Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Breakfast cereal, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2020$20.001.32%
2021$20.502.51%
2022$23.0712.52%
2023$24.255.10%*

* 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
CPI57.10060.76966.62376.33186.90894.80099.854105.338111.277117.246124.131132.938147.869158.562168.115175.423183.269190.600192.492190.015187.469189.931195.215197.962199.669203.023204.315203.523203.562199.908205.014212.149217.745215.189223.415228.107227.752228.825229.784227.242224.739220.660221.819224.751230.401259.258272.476

Adjust breakfast cereal prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2020 * 2020 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Breakfast cereal was 224.751 in the year 2020 and 272.476 in 2023:

272.476 / 224.751 * $20 = $24.25

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $24.25 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.