According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies are 13.51% higher in 2022 versus 2018 (a $2.70 difference in value).
Between 2018 and 2022: Cakes, cupcakes, and cookies experienced an average inflation rate of 3.22% per year. This rate of change indicates significant inflation. In other words, cakes, cupcakes, and cookies costing $20 in the year 2018 would cost $22.70 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for cakes, cupcakes, and cookies was lower.
In the year 2018: Pricing changed by 1.68%, which is below the average yearly change for cakes, cupcakes, and cookies during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for cakes, cupcakes, and cookies was lower.
Below are calculations of equivalent buying power for Cakes, cupcakes, and cookies, over time, for $20 beginning in 2018. 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 Cakes, cupcakes, and cookies: