Fresh biscuits, rolls, muffins price inflation, 2016→2023

Fresh Biscuits, Rolls, Muffins Inflation Calculator

Prices for Fresh Biscuits, Rolls, Muffins, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh biscuits, rolls, muffins are 31.41% higher in 2023 versus 2016 (a $6.28 difference in value).

Between 2016 and 2023: Fresh biscuits, rolls, muffins experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, fresh biscuits, rolls, muffins costing $20 in the year 2016 would cost $26.28 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for fresh biscuits, rolls, muffins was higher.

In the year 2016: Pricing changed by -0.11%, which is significantly below the average yearly change for fresh biscuits, rolls, muffins during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fresh biscuits, rolls, muffins was lower.

Price Inflation for Fresh biscuits, rolls, muffins since 1997

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

Years with the largest changes in pricing: 2022 (12.18%), 2008 (11.26%), and 2023 (8.33%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Fresh biscuits, rolls, muffins, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	-0.11%
2017	$19.97	-0.15%
2018	$20.31	1.72%
2019	$20.48	0.82%
2020	$20.93	2.18%
2021	$21.63	3.35%
2022	$24.26	12.18%
2023	$26.28	8.33%*

* 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 Fresh biscuits, rolls, muffins:

Year	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
CPI	100.000	102.300	105.292	107.500	111.500	114.608	118.069	121.500	124.777	129.692	136.456	151.815	154.895	153.880	163.975	167.770	171.557	171.989	176.086	175.896	175.626	178.649	180.113	184.042	190.205	213.366	231.138

Adjust fresh biscuits, rolls, muffins prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Fresh biscuits, rolls, muffins was 175.896 in the year 2016 and 231.138 in 2023:

231.138 / 175.896 * $20 = $26.28

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.28 in 2023 (in the CPI category of Fresh biscuits, rolls, muffins).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh biscuits, rolls, muffins in 1997. In addition to fresh biscuits, rolls, muffins, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.