Crackers, bread, and cracker products priced at $20 in 1998 $38.90 in 2023

Crackers, Bread, And Cracker Products Inflation Calculator

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Prices for Crackers, Bread, And Cracker Products, 1998-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for crackers, bread, and cracker products are 94.48% higher in 2023 versus 1998 (a $18.90 difference in value).

Between 1998 and 2023: Crackers, bread, and cracker products experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, crackers, bread, and cracker products costing $20 in the year 1998 would cost $38.90 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for crackers, bread, and cracker products was higher.

In the year 1998: Pricing changed by 1.86%, which is below the average yearly change for crackers, bread, and cracker products during the 1998-2023 time period. Compared to inflation for all items in 1998 (1.55%), inflation for crackers, bread, and cracker products was higher.

Price Inflation for Crackers, bread, and cracker products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (16.07%), 1989 (9.73%), and 2023 (9.63%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Crackers, bread, and cracker products, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.001.86%
1999$20.361.80%
2000$20.962.94%
2001$21.572.92%
2002$21.991.93%
2003$22.673.10%
2004$23.222.42%
2005$22.96-1.11%
2006$23.351.69%
2007$23.781.83%
2008$25.517.30%
2009$26.694.62%
2010$26.64-0.19%
2011$27.382.79%
2012$28.223.07%
2013$28.02-0.71%
2014$28.491.68%
2015$28.670.64%
2016$28.51-0.55%
2017$28.31-0.71%
2018$27.98-1.16%
2019$28.582.15%
2020$29.332.59%
2021$30.574.22%
2022$35.4816.07%
2023$38.909.63%*

* 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 Crackers, bread, and cracker products:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI67.30070.34676.00882.90887.99293.92399.562106.523115.669119.577123.508129.369141.954155.385166.038174.869177.308180.500185.485202.315210.808214.731218.592225.023231.600236.062243.385249.277246.508250.669255.261273.883286.529285.986293.966302.981300.821305.865307.837306.144303.959300.440306.902314.863328.165380.917417.611

Adjust crackers, bread, and cracker products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1998 * 1998 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Crackers, bread, and cracker products was 214.731 in the year 1998 and 417.611 in 2023:

417.611 / 214.731 * $20 = $38.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $38.90 in 2023 (in the CPI category of Crackers, bread, and cracker products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Crackers, bread, and cracker products in 1977. In addition to crackers, bread, and cracker 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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