According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes were 10.55% higher in 2020 versus 2014 (a $2.11 difference in value).
Between 2014 and 2020: Fresh cakes and cupcakes experienced an average inflation rate of 1.69% per year. In other words, fresh cakes and cupcakes costing $20 in the year 2014 would cost $22.11 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% during this same period, inflation for fresh cakes and cupcakes was higher.
In the year 2014: Pricing changed by 1.19%, which is below the average yearly change for fresh cakes and cupcakes during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for fresh cakes and cupcakes was lower.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|