Cereals and bakery products priced at $20 in 2003 $35.06 in 2024

Cereals And Bakery Products Inflation Calculator

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Prices for Cereals And Bakery Products, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 75.28% higher in 2024 versus 2003 (a $15.06 difference in value).

Between 2003 and 2024: Cereals and bakery products experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 2003 would cost $35.06 in 2024 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 2003: Pricing changed by 2.39%, which is below the average yearly change for cereals and bakery products during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), 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 2003

Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.002.39%
2004$20.321.61%
2005$20.611.41%
2006$20.991.86%
2007$21.914.35%
2008$24.1510.24%
2009$24.913.15%
2010$24.70-0.84%
2011$25.673.94%
2012$26.402.83%
2013$26.671.02%
2014$26.730.24%
2015$27.031.11%
2016$26.94-0.35%
2017$26.80-0.52%
2018$26.900.41%
2019$27.281.39%
2020$27.882.20%
2021$28.512.28%
2022$32.2313.02%
2023$34.948.43%
2024$35.060.33%*

* 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
CPI13.33813.20013.53813.07712.38512.68512.83113.78514.10814.18514.30016.37720.37722.40022.26922.65424.71525.31525.80826.41526.83127.20028.27728.83829.04629.64630.30830.91531.37731.49231.93133.26934.00834.19235.14637.06938.76939.02343.47756.55462.90861.47762.45468.05474.91583.89292.27796.50099.577103.931107.923110.892114.808122.123132.408139.977145.808151.477156.554163.008167.469173.954177.638181.131184.954188.262193.838198.038202.777206.038208.954212.838222.107244.853252.567250.449260.311267.682270.401271.056274.056273.109271.678272.781276.561282.645289.079326.729354.269355.421

Adjust cereals and bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cereals and bakery products was 202.777 in the year 2003 and 355.421 in 2024:

355.421 / 202.777 * $20 = $35.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $35.06 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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