Breakfast cereal priced at $20 in 2023 $19.75 in 2024

Breakfast Cereal Inflation Calculator

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Prices for Breakfast Cereal, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for breakfast cereal are 1.23% lower in 2024 versus 2023 (a $0.25 difference in value).

Between 2023 and 2024: Breakfast cereal experienced an average inflation rate of -1.23% per year. In other words, breakfast cereal costing $20 in the year 2023 would cost $19.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for breakfast cereal was significantly lower.

In the year 2023: Pricing changed by 6.97%, which is significantly above the average yearly change for breakfast cereal during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Breakfast cereal, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.006.97%
2024$19.75-1.23%*

* 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
CPI57.10060.76966.62376.33186.90894.80099.854105.338111.277117.246124.131132.938147.869158.562168.115175.423183.269190.600192.492190.015187.469189.931195.215197.962199.669203.023204.315203.523203.562199.908205.014212.149217.745215.189223.415228.107227.752228.825229.784227.242224.739220.660221.819224.751230.401259.258277.333273.910

Adjust breakfast cereal prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Breakfast cereal was 277.333 in the year 2023 and 273.910 in 2024:

273.910 / 277.333 * $20 = $19.75

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.75 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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