Cereals and cereal products priced at $20 in 2004 $24.84 in 2020

Cereals And Cereal Products Inflation Calculator

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Prices for Cereals And Cereal Products, 2004-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products were 24.19% higher in 2020 versus 2004 (a $4.84 difference in value).

Between 2004 and 2020: Cereals and cereal products experienced an average inflation rate of 1.36% per year. In other words, cereals and cereal products costing $20 in the year 2004 would cost $24.84 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.98% during this same period, inflation for cereals and cereal products was lower.

In the year 2004: Pricing changed by 0.52%, which is below the average yearly change for cereals and cereal products during the 2004-2020 time period. Compared to inflation for all items in 2004 (2.68%), inflation for cereals and cereal products was lower.

Price Inflation for Cereals and cereal products since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.74%), 1981 (11.04%), and 2008 (10.13%).

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

Year 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
CPI 68.258 74.042 84.217 93.517 97.442 99.342 103.208 107.225 110.358 113.850 122.475 133.817 141.092 147.542 153.258 157.867 164.825 167.125 168.833 169.517 171.492 174.975 175.917 178.692 181.850 185.192 186.158 186.692 187.275 194.672 214.399 221.765 217.663 227.206 232.924 232.697 232.859 234.082 231.225 227.687 226.639 227.618 231.182

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Buying power of $20 since 2004

Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2004 $20.00 0.52%
2005 $20.06 0.29%
2006 $20.12 0.31%
2007 $20.91 3.95%
2008 $23.03 10.13%
2009 $23.83 3.44%
2010 $23.38 -1.85%
2011 $24.41 4.38%
2012 $25.02 2.52%
2013 $25.00 -0.10%
2014 $25.02 0.07%
2015 $25.15 0.52%
2016 $24.84 -1.22%
2017 $24.46 -1.53%
2018 $24.35 -0.46%
2019 $24.45 0.43%
2020 $24.84 1.57%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for cereals and cereal products, 2004-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2004 * 2004 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Cereals and cereal products was 186.158 in the year 2004 and 231.182 in 2020:

231.182 / 186.158 * $20 = $24.84

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $24.84 in 2020 (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 1978. 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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