According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies were 4.74% higher in 2020 versus 2016 (a $0.95 difference in value).
Between 2016 and 2020: Cakes, cupcakes, and cookies experienced an average inflation rate of 1.16% per year. In other words, cakes, cupcakes, and cookies costing $20 in the year 2016 would cost $20.95 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for cakes, cupcakes, and cookies was lower.
In the year 2016: Pricing changed by 1%, which is below the average yearly change for cakes, cupcakes, and cookies during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for cakes, cupcakes, and cookies was lower.
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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|