Cakes, cupcakes, and cookies priced at $20 in 1998 $37.55 in 2022

Cakes, Cupcakes, And Cookies Inflation Calculator

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Prices for Cakes, Cupcakes, And Cookies, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies are 87.74% higher in 2022 versus 1998 (a $17.55 difference in value).

Between 1998 and 2022: Cakes, cupcakes, and cookies experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, cakes, cupcakes, and cookies costing $20 in the year 1998 would cost $37.55 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for cakes, cupcakes, and cookies was higher.

In the year 1998: Pricing changed by 1.09%, which is below the average yearly change for cakes, cupcakes, and cookies during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for cakes, cupcakes, and cookies was lower.

Price Inflation for Cakes, cupcakes, and cookies since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (12.38%), 1980 (11.56%), and 1981 (11.51%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Cakes, cupcakes, and cookies, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.001.09%
1999$20.422.11%
2000$20.741.57%
2001$21.202.18%
2002$21.712.42%
2003$22.383.10%
2004$22.781.79%
2005$23.161.65%
2006$23.652.11%
2007$24.483.51%
2008$26.488.19%
2009$27.674.49%
2010$27.780.40%
2011$28.261.71%
2012$29.394.00%
2013$29.921.80%
2014$30.200.93%
2015$30.781.93%
2016$31.081.00%
2017$31.210.40%
2018$31.731.68%
2019$32.151.30%
2020$32.561.27%
2021$33.412.63%
2022$37.5512.38%*

* 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 Cakes, cupcakes, and cookies:

Year197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI66.52373.05481.50090.87795.59299.385105.031110.154113.354118.285125.031134.477142.685151.100155.600159.292165.069169.069174.123179.208181.169185.000187.908192.008196.662202.762206.392209.800214.223221.742239.896250.671251.663255.964266.214270.993273.523278.789281.581282.710287.462291.213294.918302.660340.119

Adjust cakes, cupcakes, and cookies prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Cakes, cupcakes, and cookies was 181.169 in the year 1998 and 340.119 in 2022:

340.119 / 181.169 * $20 = $37.55

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $37.55 in 2022 (in the CPI category of Cakes, cupcakes, and cookies).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cakes, cupcakes, and cookies in 1978. In addition to cakes, cupcakes, and cookies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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