According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 11.13% higher in 2022 versus 2015 (a $2.23 difference in value).
Between 2015 and 2022: Cereals and cereal products experienced an average inflation rate of 1.52% per year. In other words, cereals and cereal products costing $20 in the year 2015 would cost $22.23 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for cereals and cereal products was lower.
In the year 2015: Pricing changed by 0.52%, which is below the average yearly change for cereals and cereal products during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for cereals and cereal products was higher.
Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cereals and cereal products: