Cakes, cupcakes, and cookies priced at $20 in 2023 $20.16 in 2024

Cakes, Cupcakes, And Cookies Inflation Calculator

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Prices for Cakes, Cupcakes, And Cookies, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies are 0.80% higher in 2024 versus 2023 (a $0.16 difference in value).

Between 2023 and 2024: Cakes, cupcakes, and cookies experienced an average inflation rate of 0.80% per year. In other words, cakes, cupcakes, and cookies costing $20 in the year 2023 would cost $20.16 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for cakes, cupcakes, and cookies was lower.

In the year 2023: Pricing changed by 8.87%, which is significantly above the average yearly change for cakes, cupcakes, and cookies during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023

Below are calculations of equivalent buying power for Cakes, cupcakes, and cookies, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.008.87%
2024$20.160.80%*

* 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:

Year19781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI66.52373.05481.50090.87795.59299.385105.031110.154113.354118.285125.031134.477142.685151.100155.600159.292165.069169.069174.123179.208181.169185.000187.908192.008196.662202.762206.392209.800214.223221.742239.896250.671251.663255.964266.214270.993273.523278.789281.581282.710287.462291.213294.918302.660340.119370.303373.275

Adjust cakes, cupcakes, and cookies prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cakes, cupcakes, and cookies was 370.303 in the year 2023 and 373.275 in 2024:

373.275 / 370.303 * $20 = $20.16

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.16 in 2024 (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.

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