According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies were 1.64% higher in 2021 versus 2020 (a $0.33 difference in value).
Between 2020 and 2021: Cakes, cupcakes, and cookies experienced an average inflation rate of 1.64% per year. In other words, cakes, cupcakes, and cookies costing $20 in the year 2020 would cost $20.33 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for cakes, cupcakes, and cookies was lower.
In the year 2020: Pricing changed by 1.27%, which is below the average yearly change for cakes, cupcakes, and cookies during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|