Fresh cakes and cupcakes priced at $20 in 2008 $25.54 in 2020

Fresh Cakes And Cupcakes Inflation Calculator

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Prices for Fresh Cakes And Cupcakes, 2008-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes were 27.72% higher in 2020 versus 2008 (a $5.54 difference in value).

Between 2008 and 2020: Fresh cakes and cupcakes experienced an average inflation rate of 2.06% per year. This rate of change indicates significant inflation. In other words, fresh cakes and cupcakes costing $20 in the year 2008 would cost $25.54 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.53% 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 2008-2020 time period. Compared to inflation for all items in 2008 (3.84%), inflation for fresh cakes and cupcakes was much 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%), 1981 (11.02%), and 1979 (9.76%).

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
CPI 64.100 66.862 73.385 82.192 91.246 95.577 99.585 104.838 109.308 111.769 116.046 122.862 129.862 138.085 145.108 148.385 155.162 159.969 167.800 173.123 177.769 179.331 183.685 188.031 194.185 198.208 204.508 208.662 213.700 217.031 225.784 247.176 256.729 257.470 265.787 276.260 280.616 283.951 292.195 298.837 302.991 309.761 317.047 315.695

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Buying power of $20 since 2008

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 $25.54 -0.43%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fresh cakes and cupcakes, 2008-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2008 * 2008 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fresh cakes and cupcakes was 247.176 in the year 2008 and 315.695 in 2020:

315.695 / 247.176 * $20 = $25.54

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $25.54 in 2020 (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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