Cereals and bakery products priced at $20 in 2021 $22.60 in 2022

Cereals And Bakery Products Inflation Calculator


Prices for Cereals And Bakery Products, 2021-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 13.02% higher in 2022 versus 2021 (a $2.60 difference in value).

Between 2021 and 2022: Cereals and bakery products experienced an average inflation rate of 13.02% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 2021 would cost $22.60 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 8.00% during this same period, inflation for cereals and bakery products was significantly higher.

In the year 2021: Pricing changed by 2.28%, which is significantly below the average yearly change for cereals and bakery products during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for cereals and bakery products was lower.

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 2021

Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 2021. 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 2022 / CPI in 2021 * 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Cereals and bakery products was 289.079 in the year 2021 and 326.729 in 2022:

326.729 / 289.079 * $20 = $22.60

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $22.60 in 2022 (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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