According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 96.59% higher in 2024 versus 1998 (a $19.32 difference in value).
Between 1998 and 2024: Cereals and bakery products experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 1998 would cost $39.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for cereals and bakery products was higher.
In the year 1998: Pricing changed by 1.97%, which is below the average yearly change for cereals and bakery products during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), 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 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 1.97% |
| 1999 | $20.42 | 2.11% |
| 2000 | $20.79 | 1.79% |
| 2001 | $21.40 | 2.96% |
| 2002 | $21.87 | 2.17% |
| 2003 | $22.39 | 2.39% |
| 2004 | $22.75 | 1.61% |
| 2005 | $23.07 | 1.41% |
| 2006 | $23.50 | 1.86% |
| 2007 | $24.52 | 4.35% |
| 2008 | $27.04 | 10.24% |
| 2009 | $27.89 | 3.15% |
| 2010 | $27.65 | -0.84% |
| 2011 | $28.74 | 3.94% |
| 2012 | $29.56 | 2.83% |
| 2013 | $29.86 | 1.02% |
| 2014 | $29.93 | 0.24% |
| 2015 | $30.26 | 1.11% |
| 2016 | $30.16 | -0.35% |
| 2017 | $30.00 | -0.52% |
| 2018 | $30.12 | 0.41% |
| 2019 | $30.54 | 1.39% |
| 2020 | $31.21 | 2.20% |
| 2021 | $31.92 | 2.28% |
| 2022 | $36.08 | 13.02% |
| 2023 | $39.12 | 8.43% |
| 2024 | $39.32 | 0.51%* |
* 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 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 | 356.093 |