According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products were 69.66% higher in 2023 versus 1997 (a $13.93 difference in value).
Between 1997 and 2023: Cereals and cereal products experienced an average inflation rate of 2.05% per year. This rate of change indicates significant inflation. In other words, cereals and cereal products costing $20 in the year 1997 would cost $33.93 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for cereals and cereal products was lower.
In the year 1997: Pricing changed by 0.39%, which is below the average yearly change for cereals and cereal products during the 1997-2023 time period. Compared to inflation for all items in 1997 (2.33%), inflation for cereals and cereal products was lower.
Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | 0.39% |
| 1998 | $20.23 | 1.17% |
| 1999 | $20.64 | 2.02% |
| 2000 | $20.75 | 0.54% |
| 2001 | $21.08 | 1.58% |
| 2002 | $21.45 | 1.76% |
| 2003 | $21.85 | 1.84% |
| 2004 | $21.96 | 0.52% |
| 2005 | $22.03 | 0.30% |
| 2006 | $22.10 | 0.31% |
| 2007 | $22.97 | 3.95% |
| 2008 | $25.29 | 10.13% |
| 2009 | $26.16 | 3.43% |
| 2010 | $25.68 | -1.86% |
| 2011 | $26.80 | 4.38% |
| 2012 | $27.48 | 2.53% |
| 2013 | $27.45 | -0.10% |
| 2014 | $27.47 | 0.07% |
| 2015 | $27.62 | 0.52% |
| 2016 | $27.28 | -1.22% |
| 2017 | $26.86 | -1.53% |
| 2018 | $26.74 | -0.46% |
| 2019 | $26.85 | 0.43% |
| 2020 | $27.34 | 1.83% |
| 2021 | $27.82 | 1.73% |
| 2022 | $31.65 | 13.76% |
| 2023 | $33.93 | 7.23% |
| 2024 | $33.79 | -0.42%* |
* 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 cereal products:
| Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 63.300 | 68.262 | 74.008 | 84.208 | 93.523 | 97.462 | 99.354 | 103.208 | 107.200 | 110.369 | 113.846 | 122.477 | 133.800 | 141.062 | 147.523 | 153.254 | 157.862 | 164.831 | 167.123 | 168.869 | 169.531 | 171.508 | 174.969 | 175.908 | 178.685 | 181.831 | 185.185 | 186.154 | 186.708 | 187.292 | 194.684 | 214.403 | 221.765 | 217.639 | 227.164 | 232.919 | 232.690 | 232.863 | 234.083 | 231.228 | 227.683 | 226.633 | 227.613 | 231.787 | 235.802 | 268.246 | 287.630 | 286.430 |