According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes were 12.67% higher in 2020 versus 2013 (a $2.53 difference in value).
Between 2013 and 2020: Fresh cakes and cupcakes experienced an average inflation rate of 1.72% per year. In other words, fresh cakes and cupcakes costing $20 in the year 2013 would cost $22.53 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for fresh cakes and cupcakes was higher.
In the year 2013: Pricing changed by 1.58%, which is below the average yearly change for fresh cakes and cupcakes during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), inflation for fresh cakes and cupcakes was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fresh cakes and cupcakes:
Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|