According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 2,708.64% higher in 2024 versus 1940 (a $541.73 difference in value).
Between 1940 and 2024: Cereals and bakery products experienced an average inflation rate of 4.05% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 1940 would cost $561.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for cereals and bakery products was higher.
In the year 1940: Pricing changed by 2.42%, which is below the average yearly change for cereals and bakery products during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation for cereals and bakery products was higher.
Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1940 | $20.00 | 2.42% |
| 1941 | $20.23 | 1.15% |
| 1942 | $21.73 | 7.43% |
| 1943 | $22.24 | 2.34% |
| 1944 | $22.37 | 0.55% |
| 1945 | $22.55 | 0.81% |
| 1946 | $25.82 | 14.52% |
| 1947 | $32.13 | 24.42% |
| 1948 | $35.32 | 9.93% |
| 1949 | $35.11 | -0.58% |
| 1950 | $35.72 | 1.73% |
| 1951 | $38.97 | 9.10% |
| 1952 | $39.92 | 2.43% |
| 1953 | $40.69 | 1.94% |
| 1954 | $41.65 | 2.35% |
| 1955 | $42.30 | 1.57% |
| 1956 | $42.89 | 1.38% |
| 1957 | $44.58 | 3.96% |
| 1958 | $45.47 | 1.99% |
| 1959 | $45.80 | 0.72% |
| 1960 | $46.74 | 2.07% |
| 1961 | $47.79 | 2.23% |
| 1962 | $48.74 | 2.01% |
| 1963 | $49.47 | 1.49% |
| 1964 | $49.65 | 0.37% |
| 1965 | $50.35 | 1.39% |
| 1966 | $52.46 | 4.19% |
| 1967 | $53.62 | 2.22% |
| 1968 | $53.91 | 0.54% |
| 1969 | $55.42 | 2.79% |
| 1970 | $58.45 | 5.47% |
| 1971 | $61.13 | 4.59% |
| 1972 | $61.53 | 0.65% |
| 1973 | $68.55 | 11.41% |
| 1974 | $89.17 | 30.08% |
| 1975 | $99.19 | 11.24% |
| 1976 | $96.93 | -2.27% |
| 1977 | $98.47 | 1.59% |
| 1978 | $107.30 | 8.97% |
| 1979 | $118.12 | 10.08% |
| 1980 | $132.27 | 11.98% |
| 1981 | $145.49 | 9.99% |
| 1982 | $152.15 | 4.58% |
| 1983 | $157.00 | 3.19% |
| 1984 | $163.87 | 4.37% |
| 1985 | $170.16 | 3.84% |
| 1986 | $174.85 | 2.75% |
| 1987 | $181.02 | 3.53% |
| 1988 | $192.55 | 6.37% |
| 1989 | $208.77 | 8.42% |
| 1990 | $220.70 | 5.72% |
| 1991 | $229.90 | 4.17% |
| 1992 | $238.84 | 3.89% |
| 1993 | $246.84 | 3.35% |
| 1994 | $257.02 | 4.12% |
| 1995 | $264.05 | 2.74% |
| 1996 | $274.28 | 3.87% |
| 1997 | $280.08 | 2.12% |
| 1998 | $285.59 | 1.97% |
| 1999 | $291.62 | 2.11% |
| 2000 | $296.83 | 1.79% |
| 2001 | $305.63 | 2.96% |
| 2002 | $312.25 | 2.17% |
| 2003 | $319.72 | 2.39% |
| 2004 | $324.86 | 1.61% |
| 2005 | $329.46 | 1.41% |
| 2006 | $335.59 | 1.86% |
| 2007 | $350.20 | 4.35% |
| 2008 | $386.06 | 10.24% |
| 2009 | $398.23 | 3.15% |
| 2010 | $394.89 | -0.84% |
| 2011 | $410.44 | 3.94% |
| 2012 | $422.06 | 2.83% |
| 2013 | $426.34 | 1.02% |
| 2014 | $427.38 | 0.24% |
| 2015 | $432.11 | 1.11% |
| 2016 | $430.61 | -0.35% |
| 2017 | $428.36 | -0.52% |
| 2018 | $430.10 | 0.41% |
| 2019 | $436.06 | 1.39% |
| 2020 | $445.65 | 2.20% |
| 2021 | $455.79 | 2.28% |
| 2022 | $515.16 | 13.02% |
| 2023 | $558.58 | 8.43% |
| 2024 | $561.73 | 0.56%* |
* 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 Cereals and bakery products:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 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 | 13.338 | 13.200 | 13.538 | 13.077 | 12.385 | 12.685 | 12.831 | 13.785 | 14.108 | 14.185 | 14.300 | 16.377 | 20.377 | 22.400 | 22.269 | 22.654 | 24.715 | 25.315 | 25.808 | 26.415 | 26.831 | 27.200 | 28.277 | 28.838 | 29.046 | 29.646 | 30.308 | 30.915 | 31.377 | 31.492 | 31.931 | 33.269 | 34.008 | 34.192 | 35.146 | 37.069 | 38.769 | 39.023 | 43.477 | 56.554 | 62.908 | 61.477 | 62.454 | 68.054 | 74.915 | 83.892 | 92.277 | 96.500 | 99.577 | 103.931 | 107.923 | 110.892 | 114.808 | 122.123 | 132.408 | 139.977 | 145.808 | 151.477 | 156.554 | 163.008 | 167.469 | 173.954 | 177.638 | 181.131 | 184.954 | 188.262 | 193.838 | 198.038 | 202.777 | 206.038 | 208.954 | 212.838 | 222.107 | 244.853 | 252.567 | 250.449 | 260.311 | 267.682 | 270.401 | 271.056 | 274.056 | 273.109 | 271.678 | 272.781 | 276.561 | 282.645 | 289.079 | 326.729 | 354.269 | 356.265 |