Candy and chewing gum priced at $20 in 2018 $21.19 in 2020

Candy And Chewing Gum Inflation Calculator


Prices for Candy And Chewing Gum, 2018-2020 ($20)

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.

Price Inflation for Candy and chewing gum since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (2.97%), and 2020 (2.92%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Candy and chewing gum:

Year 2018 2019 2020
CPI 145.674 149.997 154.376

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Buying power of $20 since 2018

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
2018 $20.00 -
2019 $20.59 2.97%
2020 $21.19 2.92%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for candy and chewing gum, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Candy and chewing gum was 145.674 in the year 2018 and 154.376 in 2020:

154.376 / 145.674 * $20 = $21.19

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $21.19 in 2020 (in the CPI category of Candy and chewing gum).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Candy and chewing gum in 2018. In addition to candy and chewing gum, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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