According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 1.73% higher in 2021 versus 2020 (a $0.35 difference in value).
Between 2020 and 2021: Cereals and cereal products experienced an average inflation rate of 1.73% per year. In other words, cereals and cereal products costing $20 in the year 2020 would cost $20.35 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 4.70% during this same period, inflation for cereals and cereal products was lower.
In the year 2020: Pricing changed by 1.83%, which is above the average yearly change for cereals and cereal products during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. 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: