According to the U.S. Bureau of Labor Statistics, prices for flour and prepared flour mixes are 13.40% higher in 2022 versus 2017 (a $2.68 difference in value).
Between 2017 and 2022: Flour and prepared flour mixes experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, flour and prepared flour mixes costing $20 in the year 2017 would cost $22.68 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.09% during this same period, inflation for flour and prepared flour mixes was lower.
In the year 2017: Pricing changed by -1.85%, which is significantly below the average yearly change for flour and prepared flour mixes during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for flour and prepared flour mixes was much lower.
Below are calculations of equivalent buying power for Flour and prepared flour mixes, over time, for $20 beginning in 2017. 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 Flour and prepared flour mixes: