Cereals and cereal products priced at $20 in 1978 $76.22 in 2022

Cereals And Cereal Products Inflation Calculator

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Prices for Cereals And Cereal Products, 1978-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 281.09% higher in 2022 versus 1978 (a $56.22 difference in value).

Between 1978 and 2022: Cereals and cereal products experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, cereals and cereal products costing $20 in the year 1978 would cost $76.22 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for cereals and cereal products was lower.

In the year 1978: Pricing changed by 7.84%, which is significantly above the average yearly change for cereals and cereal products during the 1978-2022 time period. Compared to inflation for all items in 1978 (7.63%), inflation for cereals and cereal products was higher.

Price Inflation for Cereals and cereal products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.78%), 1981 (11.06%), and 2022 (10.32%).

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Buying power of $20.00 since 1978

Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20.007.84%
1979$21.688.42%
1980$24.6713.78%
1981$27.4011.06%
1982$28.564.21%
1983$29.111.94%
1984$30.243.88%
1985$31.413.87%
1986$32.342.96%
1987$33.363.15%
1988$35.887.58%
1989$39.209.25%
1990$41.335.43%
1991$43.224.58%
1992$44.903.88%
1993$46.253.01%
1994$48.294.41%
1995$48.971.39%
1996$49.481.04%
1997$49.670.39%
1998$50.251.17%
1999$51.262.02%
2000$51.540.54%
2001$52.351.58%
2002$53.271.76%
2003$54.261.84%
2004$54.540.52%
2005$54.700.30%
2006$54.870.31%
2007$57.043.95%
2008$62.8210.13%
2009$64.983.43%
2010$63.77-1.86%
2011$66.564.38%
2012$68.242.53%
2013$68.18-0.10%
2014$68.230.07%
2015$68.580.52%
2016$67.75-1.22%
2017$66.71-1.53%
2018$66.40-0.46%
2019$66.690.43%
2020$67.911.83%
2021$69.091.73%
2022$76.2210.32%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cereals and cereal products:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI63.30068.26274.00884.20893.52397.46299.354103.208107.200110.369113.846122.477133.800141.062147.523153.254157.862164.831167.123168.869169.531171.508174.969175.908178.685181.831185.185186.154186.708187.292194.684214.403221.765217.639227.164232.919232.690232.863234.083231.228227.683226.633227.613231.787235.802260.135

Adjust cereals and cereal products prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1978 * 1978 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Cereals and cereal products was 68.262 in the year 1978 and 260.135 in 2022:

260.135 / 68.262 * $20 = $76.22

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $76.22 in 2022 (in the CPI category of Cereals and cereal products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cereals and cereal products in 1977. In addition to cereals and cereal 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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