According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum are 2.51% higher in 2024 versus 2023 (a $0.50 difference in value).
Between 2023 and 2024: Candy and chewing gum experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 2023 would cost $20.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for candy and chewing gum was higher.
In the year 2023: Pricing changed by 9.40%, which is significantly above the average yearly change for candy and chewing gum during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for candy and chewing gum was much higher.
Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | 9.40% |
| 2024 | $20.50 | 2.51%* |
* 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 | 2024 |
| 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 | 190.500 | 195.282 |