According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies are 12.04% higher in 2022 versus 2019 (a $2.41 difference in value).
Between 2019 and 2022: Cakes, cupcakes, and cookies experienced an average inflation rate of 3.86% per year. This rate of change indicates significant inflation. In other words, cakes, cupcakes, and cookies costing $20 in the year 2019 would cost $22.41 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.09% during this same period, inflation for cakes, cupcakes, and cookies was lower.
In the year 2019: Pricing changed by 1.30%, which is below the average yearly change for cakes, cupcakes, and cookies during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. 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: