According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 21.29% higher in 2021 versus 2011 (a $4.26 difference in value).
Between 2011 and 2021: Fresh cakes and cupcakes experienced an average inflation rate of 1.95% per year. In other words, fresh cakes and cupcakes costing $20 in the year 2011 would cost $24.26 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.82% during this same period, inflation for fresh cakes and cupcakes was higher.
In the year 2011: Pricing changed by 3.23%, which is above the average yearly change for fresh cakes and cupcakes during the 2011-2021 time period. Compared to inflation for all items in 2011 (3.16%), inflation for fresh cakes and cupcakes was higher.
Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 2011. 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 Fresh cakes and cupcakes: