According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum were 6.01% higher in 2021 versus 2019 (a $1.20 difference in value).
Between 2019 and 2021: Candy and chewing gum experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 2019 would cost $21.20 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.15% during this same period, inflation for candy and chewing gum was higher.
In the year 2019: Pricing changed by 2.97%, which is above the average yearly change for candy and chewing gum during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), inflation for candy and chewing gum was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Candy and chewing gum:
Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|