Cereals and bakery products priced at $20 in 2020 $25.03 in 2023

Cereals And Bakery Products Inflation Calculator


Prices for Cereals And Bakery Products, 2020-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 25.15% higher in 2023 versus 2020 (a $5.03 difference in value).

Between 2020 and 2023: Cereals and bakery products experienced an average inflation rate of 7.77% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 2020 would cost $25.03 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.44% during this same period, inflation for cereals and bakery products was higher.

In the year 2020: Pricing changed by 2.20%, which is significantly below the average yearly change for cereals and bakery products during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020

Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust cereals and bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2020 * 2020 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Cereals and bakery products was 282.645 in the year 2020 and 353.735 in 2023:

353.735 / 282.645 * $20 = $25.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $25.03 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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