Cereals and cereal products priced at $20 in 2001 $32.06 in 2024

Cereals And Cereal Products Inflation Calculator

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Prices for Cereals And Cereal Products, 2001-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 60.30% higher in 2024 versus 2001 (a $12.06 difference in value).

Between 2001 and 2024: Cereals and cereal products experienced an average inflation rate of 2.07% per year. This rate of change indicates significant inflation. In other words, cereals and cereal products costing $20 in the year 2001 would cost $32.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for cereals and cereal products was lower.

In the year 2001: Pricing changed by 1.58%, which is below the average yearly change for cereals and cereal products during the 2001-2024 time period. Compared to inflation for all items in 2001 (2.83%), inflation for cereals and cereal products was lower.

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%), 2022 (13.76%), and 1981 (11.06%).

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Buying power of $20.00 since 2001

Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$20.001.58%
2002$20.351.76%
2003$20.731.84%
2004$20.840.52%
2005$20.900.30%
2006$20.960.31%
2007$21.793.95%
2008$24.0010.13%
2009$24.823.43%
2010$24.36-1.86%
2011$25.434.38%
2012$26.072.53%
2013$26.04-0.10%
2014$26.060.07%
2015$26.200.52%
2016$25.88-1.22%
2017$25.48-1.53%
2018$25.37-0.46%
2019$25.480.43%
2020$25.941.83%
2021$26.391.73%
2022$30.0213.76%
2023$32.197.23%
2024$32.06-0.42%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI63.30068.26274.00884.20893.52397.46299.354103.208107.200110.369113.846122.477133.800141.062147.523153.254157.862164.831167.123168.869169.531171.508174.969175.908178.685181.831185.185186.154186.708187.292194.684214.403221.765217.639227.164232.919232.690232.863234.083231.228227.683226.633227.613231.787235.802268.246287.630286.430

Adjust cereals and cereal products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2001 * 2001 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cereals and cereal products was 178.685 in the year 2001 and 286.430 in 2024:

286.430 / 178.685 * $20 = $32.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2001 has the same "purchasing power" as $32.06 in 2024 (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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