Candy and chewing gum priced at $20 in 1998 $38.84 in 2024

Candy And Chewing Gum Inflation Calculator

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Prices for Candy And Chewing Gum, 1998-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum are 94.19% higher in 2024 versus 1998 (a $18.84 difference in value).

Between 1998 and 2024: Candy and chewing gum experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 1998 would cost $38.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for candy and chewing gum was higher.

In the year 1998: Pricing changed by 0.95%, which is below the average yearly change for candy and chewing gum during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for candy and chewing gum was lower.

Price Inflation for Candy and chewing gum since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (9.40%), 2022 (9.35%), and 2008 (6.11%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.000.95%
1999$20.271.35%
2000$20.561.44%
2001$20.660.50%
2002$21.041.84%
2003$21.361.52%
2004$21.470.49%
2005$21.691.02%
2006$22.232.50%
2007$23.003.45%
2008$24.406.11%
2009$25.795.68%
2010$26.241.77%
2011$26.942.64%
2012$27.923.63%
2013$27.65-0.96%
2014$27.670.10%
2015$28.804.05%
2016$28.74-0.19%
2017$28.59-0.54%
2018$28.860.95%
2019$29.722.97%
2020$30.683.25%
2021$31.552.82%
2022$34.509.35%
2023$37.749.40%
2024$38.842.91%*

* 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 Candy and chewing gum:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.954102.315103.785104.308106.223107.838108.362109.462112.200116.075123.163130.161132.467135.965140.907139.555139.692145.352145.080144.297145.674149.997154.872159.238174.127190.500196.042

Adjust candy and chewing gum prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Candy and chewing gum was 100.954 in the year 1998 and 196.042 in 2024:

196.042 / 100.954 * $20 = $38.84

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $38.84 in 2024 (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 1997. 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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