According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 14.25% higher in 2022 versus 2017 (a $2.85 difference in value).
Between 2017 and 2022: Cereals and cereal products experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, cereals and cereal products costing $20 in the year 2017 would cost $22.85 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for cereals and cereal products was lower.
In the year 2017: Pricing changed by -1.53%, which is significantly below the average yearly change for cereals and cereal products during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for cereals and cereal products was much lower.
Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 2017. 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: