According to the U.S. Bureau of Labor Statistics, prices for crackers, bread, and cracker products are 11.53% higher in 2022 versus 2021 (a $2.31 difference in value).
Between 2021 and 2022: Crackers, bread, and cracker products experienced an average inflation rate of 11.53% per year. This rate of change indicates significant inflation. In other words, crackers, bread, and cracker products costing $20 in the year 2021 would cost $22.31 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.41% during this same period, inflation for crackers, bread, and cracker products was significantly higher.
In the year 2021: Pricing changed by 4.22%, which is significantly below the average yearly change for crackers, bread, and cracker products during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for crackers, bread, and cracker products was lower.
Below are calculations of equivalent buying power for Crackers, bread, and cracker products, over time, for $20 beginning in 2021. 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 Crackers, bread, and cracker products: