According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum were 5.97% higher in 2020 versus 2018 (a $1.19 difference in value).
Between 2018 and 2020: Candy and chewing gum experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 2018 would cost $21.19 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for candy and chewing gum was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Candy and chewing gum:
Below are calculations of equivalent buying power for Candy and chewing gum, 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|