Flour and prepared flour mixes price inflation, 1998→2024

Flour And Prepared Flour Mixes Inflation Calculator

Prices for Flour And Prepared Flour Mixes, 1998-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for flour and prepared flour mixes are 103.97% higher in 2024 versus 1998 (a $20.79 difference in value).

Between 1998 and 2024: Flour and prepared flour mixes experienced an average inflation rate of 2.78% per year. This rate of change indicates significant inflation. In other words, flour and prepared flour mixes costing $20 in the year 1998 would cost $40.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for flour and prepared flour mixes was higher.

In the year 1998: Pricing changed by 1.79%, which is below the average yearly change for flour and prepared flour mixes during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for flour and prepared flour mixes was higher.

Price Inflation for Flour and prepared flour mixes since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (18.94%), 2008 (17.88%), and 2023 (10.50%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Flour and prepared flour mixes, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1998	$20.00	1.79%
1999	$20.24	1.18%
2000	$20.14	-0.48%
2001	$20.65	2.56%
2002	$21.50	4.07%
2003	$22.43	4.37%
2004	$22.36	-0.34%
2005	$22.58	0.99%
2006	$22.91	1.45%
2007	$24.09	5.16%
2008	$28.40	17.88%
2009	$29.14	2.64%
2010	$28.14	-3.45%
2011	$30.19	7.27%
2012	$31.80	5.34%
2013	$31.78	-0.07%
2014	$31.41	-1.16%
2015	$30.93	-1.52%
2016	$30.29	-2.07%
2017	$29.73	-1.85%
2018	$29.87	0.46%
2019	$29.61	-0.86%
2020	$29.97	1.21%
2021	$30.67	2.34%
2022	$36.47	18.94%
2023	$40.30	10.50%
2024	$40.79	1.21%*

* 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 Flour and prepared flour mixes:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	70.300	75.846	83.585	91.692	97.308	98.785	99.315	101.938	105.369	106.638	107.546	110.654	120.177	125.154	125.654	132.569	132.438	134.785	140.800	151.600	156.269	159.062	160.931	160.162	164.269	170.954	178.423	177.823	179.577	182.177	191.583	225.830	231.790	223.801	240.064	252.895	252.721	249.798	246.003	240.906	236.439	237.527	235.478	238.326	243.899	290.088	320.548	324.431

Adjust flour and prepared flour mixes prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Flour and prepared flour mixes was 159.062 in the year 1998 and 324.431 in 2024:

324.431 / 159.062 * $20 = $40.79

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $40.79 in 2024 (in the CPI category of Flour and prepared flour mixes).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Flour and prepared flour mixes in 1977. In addition to flour and prepared flour mixes, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.