Cereals and cereal products priced at $20 in 2016 $24.67 in 2024

Cereals And Cereal Products Inflation Calculator

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Prices for Cereals And Cereal Products, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 23.36% higher in 2024 versus 2016 (a $4.67 difference in value).

Between 2016 and 2024: Cereals and cereal products experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, cereals and cereal products costing $20 in the year 2016 would cost $24.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.27% during this same period, inflation for cereals and cereal products was lower.

In the year 2016: Pricing changed by -1.22%, which is significantly below the average yearly change for cereals and cereal products during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016

Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.00-1.22%
2017$19.69-1.53%
2018$19.60-0.46%
2019$19.690.43%
2020$20.051.83%
2021$20.401.73%
2022$23.2013.76%
2023$24.887.23%
2024$24.67-0.83%*

* 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
CPI63.30068.26274.00884.20893.52397.46299.354103.208107.200110.369113.846122.477133.800141.062147.523153.254157.862164.831167.123168.869169.531171.508174.969175.908178.685181.831185.185186.154186.708187.292194.684214.403221.765217.639227.164232.919232.690232.863234.083231.228227.683226.633227.613231.787235.802268.246287.630285.252

Adjust cereals and cereal products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cereals and cereal products was 231.228 in the year 2016 and 285.252 in 2024:

285.252 / 231.228 * $20 = $24.67

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.67 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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