Cakes, cupcakes, and cookies price inflation, 2022→2023

Cakes, Cupcakes, And Cookies Inflation Calculator

Prices for Cakes, Cupcakes, And Cookies, 2022-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies are 8.88% higher in 2023 versus 2022 (a $1.78 difference in value).

Between 2022 and 2023: Cakes, cupcakes, and cookies experienced an average inflation rate of 8.88% per year. This rate of change indicates significant inflation. In other words, cakes, cupcakes, and cookies costing $20 in the year 2022 would cost $21.78 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.97% during this same period, inflation for cakes, cupcakes, and cookies was significantly higher.

In the year 2022: Pricing changed by 12.38%, which is significantly above the average yearly change for cakes, cupcakes, and cookies during the 2022-2023 time period. Compared to inflation for all items in 2022 (8%), inflation for cakes, cupcakes, and cookies was much higher.

Price Inflation for Cakes, cupcakes, and cookies since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (12.38%), 1980 (11.56%), and 1981 (11.51%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Cakes, cupcakes, and cookies, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	12.38%
2023	$21.78	8.88%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cakes, cupcakes, and cookies:

Year	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	66.523	73.054	81.500	90.877	95.592	99.385	105.031	110.154	113.354	118.285	125.031	134.477	142.685	151.100	155.600	159.292	165.069	169.069	174.123	179.208	181.169	185.000	187.908	192.008	196.662	202.762	206.392	209.800	214.223	221.742	239.896	250.671	251.663	255.964	266.214	270.993	273.523	278.789	281.581	282.710	287.462	291.213	294.918	302.660	340.119	370.337

Adjust cakes, cupcakes, and cookies prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2022 * 2022 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Cakes, cupcakes, and cookies was 340.119 in the year 2022 and 370.337 in 2023:

370.337 / 340.119 * $20 = $21.78

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $21.78 in 2023 (in the CPI category of Cakes, cupcakes, and cookies).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cakes, cupcakes, and cookies in 1978. In addition to cakes, cupcakes, and cookies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.