According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 35.58% higher in 2022 versus 2011 (a $7.12 difference in value).
Between 2011 and 2022: Fresh cakes and cupcakes experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, fresh cakes and cupcakes costing $20 in the year 2011 would cost $27.12 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% 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 2011-2022 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|
* 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: