Candy and chewing gum priced at $20 in 2006 $33.84 in 2023

Candy And Chewing Gum Inflation Calculator

$

Prices for Candy And Chewing Gum, 2006-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum are 69.22% higher in 2023 versus 2006 (a $13.84 difference in value).

Between 2006 and 2023: Candy and chewing gum experienced an average inflation rate of 3.14% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 2006 would cost $33.84 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for candy and chewing gum was higher.

In the year 2006: Pricing changed by 2.50%, which is below the average yearly change for candy and chewing gum during the 2006-2023 time period. Compared to inflation for all items in 2006 (3.23%), 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: 2022 (9.35%), 2023 (9.04%), and 2008 (6.11%).

View price changes for other categories
Alcoholic beverages · Bread · New York · Tampa, Florida · More

Buying power of $20.00 since 2006

Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2006$20.002.50%
2007$20.693.45%
2008$21.956.11%
2009$23.205.68%
2010$23.611.77%
2011$24.242.64%
2012$25.123.63%
2013$24.88-0.96%
2014$24.900.10%
2015$25.914.05%
2016$25.86-0.19%
2017$25.72-0.54%
2018$25.970.95%
2019$26.742.97%
2020$27.613.25%
2021$28.382.82%
2022$31.049.35%
2023$33.849.04%*

* 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:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000100.954102.315103.785104.308106.223107.838108.362109.462112.200116.075123.163130.161132.467135.965140.907139.555139.692145.352145.080144.297145.674149.997154.872159.238174.127189.863

Adjust candy and chewing gum prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2006 * 2006 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Candy and chewing gum was 112.200 in the year 2006 and 189.863 in 2023:

189.863 / 112.200 * $20 = $33.84

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2006 has the same "purchasing power" as $33.84 in 2023 (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.

» Read more about inflation and investment.