According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum are 31.58% higher in 2023 versus 2017 (a $6.32 difference in value).
Between 2017 and 2023: Candy and chewing gum experienced an average inflation rate of 4.68% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 2017 would cost $26.32 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for candy and chewing gum was higher.
In the year 2017: Pricing changed by -0.54%, which is significantly below the average yearly change for candy and chewing gum during the 2017-2023 time period. Compared to inflation for all items in 2017 (2.13%), inflation for candy and chewing gum was lower.
Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2017 | $20.00 | -0.54% |
| 2018 | $20.19 | 0.95% |
| 2019 | $20.79 | 2.97% |
| 2020 | $21.47 | 3.25% |
| 2021 | $22.07 | 2.82% |
| 2022 | $24.13 | 9.35% |
| 2023 | $26.32 | 9.04%* |
* 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| CPI | 100.000 | 100.954 | 102.315 | 103.785 | 104.308 | 106.223 | 107.838 | 108.362 | 109.462 | 112.200 | 116.075 | 123.163 | 130.161 | 132.467 | 135.965 | 140.907 | 139.555 | 139.692 | 145.352 | 145.080 | 144.297 | 145.674 | 149.997 | 154.872 | 159.238 | 174.127 | 189.863 |