Cereals and cereal products priced at $20 in 2022 $21.50 in 2023

Cereals And Cereal Products Inflation Calculator

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Prices for Cereals And Cereal Products, 2022-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cereals and cereal products are 7.51% higher in 2023 versus 2022 (a $1.50 difference in value).

Between 2022 and 2023: Cereals and cereal products experienced an average inflation rate of 7.51% per year. This rate of change indicates significant inflation. In other words, cereals and cereal products costing $20 in the year 2022 would cost $21.50 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for cereals and cereal products was significantly higher.

In the year 2022: Pricing changed by 13.76%, which is significantly above the average yearly change for cereals and cereal products during the 2022-2023 time period. Compared to inflation for all items in 2022 (8%), inflation for cereals and cereal products was much higher.

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 2022

Below are calculations of equivalent buying power for Cereals and cereal products, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2022$20.0013.76%
2023$21.507.51%*

* 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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI63.30068.26274.00884.20893.52397.46299.354103.208107.200110.369113.846122.477133.800141.062147.523153.254157.862164.831167.123168.869169.531171.508174.969175.908178.685181.831185.185186.154186.708187.292194.684214.403221.765217.639227.164232.919232.690232.863234.083231.228227.683226.633227.613231.787235.802268.246288.379

Adjust cereals and cereal products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2022 * 2022 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Cereals and cereal products was 268.246 in the year 2022 and 288.379 in 2023:

288.379 / 268.246 * $20 = $21.50

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $21.50 in 2023 (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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