According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 58.39% higher in 2024 versus 2008 (a $11.68 difference in value).
Between 2008 and 2024: Fresh cakes and cupcakes experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, fresh cakes and cupcakes costing $20 in the year 2008 would cost $31.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation for fresh cakes and cupcakes was higher.
In the year 2008: Pricing changed by 9.47%, which is significantly above the average yearly change for fresh cakes and cupcakes during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), inflation for fresh cakes and cupcakes was much higher.
Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2008 | $20.00 | 9.47% |
| 2009 | $20.77 | 3.86% |
| 2010 | $20.83 | 0.29% |
| 2011 | $21.51 | 3.23% |
| 2012 | $22.35 | 3.94% |
| 2013 | $22.71 | 1.58% |
| 2014 | $22.98 | 1.19% |
| 2015 | $23.64 | 2.90% |
| 2016 | $24.18 | 2.27% |
| 2017 | $24.52 | 1.39% |
| 2018 | $25.06 | 2.23% |
| 2019 | $25.65 | 2.35% |
| 2020 | $25.43 | -0.87% |
| 2021 | $26.19 | 2.98% |
| 2022 | $29.16 | 11.34% |
| 2023 | $31.56 | 8.24% |
| 2024 | $31.68 | 0.37%* |
* 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:
| 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 | 64.100 | 66.862 | 73.385 | 82.192 | 91.246 | 95.577 | 99.585 | 104.838 | 109.308 | 111.769 | 116.046 | 122.862 | 129.862 | 138.085 | 145.108 | 148.385 | 155.162 | 159.969 | 167.800 | 173.123 | 177.769 | 179.331 | 183.685 | 188.031 | 194.185 | 198.208 | 204.508 | 208.662 | 213.700 | 217.031 | 225.784 | 247.176 | 256.729 | 257.470 | 265.787 | 276.260 | 280.616 | 283.951 | 292.195 | 298.837 | 302.991 | 309.761 | 317.047 | 314.287 | 323.652 | 360.346 | 390.044 | 391.492 |