Cereals and bakery products priced at $20 in 1988 $58.18 in 2024

Cereals And Bakery Products Inflation Calculator

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Prices for Cereals And Bakery Products, 1988-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 190.92% higher in 2024 versus 1988 (a $38.18 difference in value).

Between 1988 and 2024: Cereals and bakery products experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 1988 would cost $58.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.72% during this same period, inflation for cereals and bakery products was higher.

In the year 1988: Pricing changed by 6.37%, which is significantly above the average yearly change for cereals and bakery products during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for cereals and bakery products was higher.

Price Inflation for Cereals and bakery products since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (30.08%), 1947 (24.42%), and 1946 (14.52%).

View price changes for other categories
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Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.006.37%
1989$21.688.42%
1990$22.925.72%
1991$23.884.17%
1992$24.813.89%
1993$25.643.35%
1994$26.704.12%
1995$27.432.74%
1996$28.493.87%
1997$29.092.12%
1998$29.661.97%
1999$30.292.11%
2000$30.831.79%
2001$31.742.96%
2002$32.432.17%
2003$33.212.39%
2004$33.741.61%
2005$34.221.41%
2006$34.861.86%
2007$36.374.35%
2008$40.1010.24%
2009$41.363.15%
2010$41.02-0.84%
2011$42.633.94%
2012$43.842.83%
2013$44.281.02%
2014$44.390.24%
2015$44.881.11%
2016$44.73-0.35%
2017$44.49-0.52%
2018$44.670.41%
2019$45.291.39%
2020$46.292.20%
2021$47.342.28%
2022$53.5113.02%
2023$58.028.43%
2024$58.180.28%*

* 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:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI13.33813.20013.53813.07712.38512.68512.83113.78514.10814.18514.30016.37720.37722.40022.26922.65424.71525.31525.80826.41526.83127.20028.27728.83829.04629.64630.30830.91531.37731.49231.93133.26934.00834.19235.14637.06938.76939.02343.47756.55462.90861.47762.45468.05474.91583.89292.27796.50099.577103.931107.923110.892114.808122.123132.408139.977145.808151.477156.554163.008167.469173.954177.638181.131184.954188.262193.838198.038202.777206.038208.954212.838222.107244.853252.567250.449260.311267.682270.401271.056274.056273.109271.678272.781276.561282.645289.079326.729354.269355.277

Adjust cereals and bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cereals and bakery products was 122.123 in the year 1988 and 355.277 in 2024:

355.277 / 122.123 * $20 = $58.18

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $58.18 in 2024 (in the CPI category of Cereals and bakery products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cereals and bakery products in 1935. In addition to cereals and bakery products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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