Cereals and bakery products priced at $20 in 2002 $35.76 in 2023

Cereals And Bakery Products Inflation Calculator

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Prices for Cereals And Bakery Products, 2002-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 78.81% higher in 2023 versus 2002 (a $15.76 difference in value).

Between 2002 and 2023: Cereals and bakery products experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 2002 would cost $35.76 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for cereals and bakery products was higher.

In the year 2002: Pricing changed by 2.17%, which is below the average yearly change for cereals and bakery products during the 2002-2023 time period. Compared to inflation for all items in 2002 (1.59%), 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%).

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Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20.002.17%
2003$20.482.39%
2004$20.811.61%
2005$21.101.41%
2006$21.491.86%
2007$22.434.35%
2008$24.7310.24%
2009$25.513.15%
2010$25.29-0.84%
2011$26.293.94%
2012$27.032.83%
2013$27.311.02%
2014$27.370.24%
2015$27.681.11%
2016$27.58-0.35%
2017$27.44-0.52%
2018$27.550.41%
2019$27.931.39%
2020$28.542.20%
2021$29.192.28%
2022$33.0013.02%
2023$35.768.38%*

* 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:

Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI13.33813.20013.53813.07712.38512.68512.83113.78514.10814.18514.30016.37720.37722.40022.26922.65424.71525.31525.80826.41526.83127.20028.27728.83829.04629.64630.30830.91531.37731.49231.93133.26934.00834.19235.14637.06938.76939.02343.47756.55462.90861.47762.45468.05474.91583.89292.27796.50099.577103.931107.923110.892114.808122.123132.408139.977145.808151.477156.554163.008167.469173.954177.638181.131184.954188.262193.838198.038202.777206.038208.954212.838222.107244.853252.567250.449260.311267.682270.401271.056274.056273.109271.678272.781276.561282.645289.079326.729354.121

Adjust cereals and bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2002 * 2002 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Cereals and bakery products was 198.038 in the year 2002 and 354.121 in 2023:

354.121 / 198.038 * $20 = $35.76

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $35.76 in 2023 (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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