According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum are 23.58% higher in 2022 versus 2012 (a $4.72 difference in value).
Between 2012 and 2022: Candy and chewing gum experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 2012 would cost $24.72 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for candy and chewing gum was lower.
In the year 2012: Pricing changed by 3.63%, which is above the average yearly change for candy and chewing gum during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), inflation for candy and chewing gum was higher.
Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: