Fresh cakes and cupcakes priced at $20 in 1996 $44.99 in 2023

Fresh Cakes And Cupcakes Inflation Calculator

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Prices for Fresh Cakes And Cupcakes, 1996-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 124.96% higher in 2023 versus 1996 (a $24.99 difference in value).

Between 1996 and 2023: Fresh cakes and cupcakes experienced an average inflation rate of 3.05% per year. This rate of change indicates significant inflation. In other words, fresh cakes and cupcakes costing $20 in the year 1996 would cost $44.99 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for fresh cakes and cupcakes was higher.

In the year 1996: Pricing changed by 3.17%, which is above the average yearly change for fresh cakes and cupcakes during the 1996-2023 time period. Compared to inflation for all items in 1996 (2.93%), inflation for fresh cakes and cupcakes was higher.

Price Inflation for Fresh cakes and cupcakes since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (12%), 2022 (11.34%), and 1981 (11.02%).

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Buying power of $20.00 since 1996

Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$20.003.17%
1997$20.542.68%
1998$20.720.88%
1999$21.222.43%
2000$21.722.37%
2001$22.433.27%
2002$22.902.07%
2003$23.633.18%
2004$24.112.03%
2005$24.692.41%
2006$25.071.56%
2007$26.084.03%
2008$28.559.47%
2009$29.663.86%
2010$29.740.29%
2011$30.703.23%
2012$31.913.94%
2013$32.421.58%
2014$32.801.19%
2015$33.762.90%
2016$34.522.27%
2017$35.001.39%
2018$35.792.23%
2019$36.632.35%
2020$36.31-0.87%
2021$37.392.98%
2022$41.6311.34%
2023$44.998.08%*

* 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 cakes and cupcakes:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI64.10066.86273.38582.19291.24695.57799.585104.838109.308111.769116.046122.862129.862138.085145.108148.385155.162159.969167.800173.123177.769179.331183.685188.031194.185198.208204.508208.662213.700217.031225.784247.176256.729257.470265.787276.260280.616283.951292.195298.837302.991309.761317.047314.287323.652360.346389.455

Adjust fresh cakes and cupcakes prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1996 * 1996 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Fresh cakes and cupcakes was 173.123 in the year 1996 and 389.455 in 2023:

389.455 / 173.123 * $20 = $44.99

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $44.99 in 2023 (in the CPI category of Fresh cakes and cupcakes).


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

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