According to the U.S. Bureau of Labor Statistics, prices for breakfast cereal are 8.81% higher in 2022 versus 2020 (a $1.76 difference in value).
Between 2020 and 2022: Breakfast cereal experienced an average inflation rate of 4.31% per year. This rate of change indicates significant inflation. In other words, breakfast cereal costing $20 in the year 2020 would cost $21.76 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.01% during this same period, inflation for breakfast cereal was lower.
In the year 2020: Pricing changed by 1.32%, which is below the average yearly change for breakfast cereal during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for breakfast cereal was higher.
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:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Breakfast cereal: