According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies were 12.60% higher in 2021 versus 2012 (a $2.52 difference in value).
Between 2012 and 2021: Cakes, cupcakes, and cookies experienced an average inflation rate of 1.33% per year. In other words, cakes, cupcakes, and cookies costing $20 in the year 2012 would cost $22.52 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.61% during this same period, inflation for cakes, cupcakes, and cookies was lower.
In the year 2012: Pricing changed by 4%, which is above the average yearly change for cakes, cupcakes, and cookies during the 2012-2021 time period. Compared to inflation for all items in 2012 (2.07%), inflation for cakes, cupcakes, and cookies was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cakes, cupcakes, and cookies:
Below are calculations of equivalent buying power for Cakes, cupcakes, and cookies, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|