Fresh cakes and cupcakes priced at $20 in 2016 $23.87 in 2022

Fresh Cakes And Cupcakes Inflation Calculator

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Prices for Fresh Cakes And Cupcakes, 2016-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 19.36% higher in 2022 versus 2016 (a $3.87 difference in value).

Between 2016 and 2022: Fresh cakes and cupcakes experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, fresh cakes and cupcakes costing $20 in the year 2016 would cost $23.87 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.31% during this same period, inflation for fresh cakes and cupcakes was lower.

In the year 2016: Pricing changed by 2.27%, which is below the average yearly change for fresh cakes and cupcakes during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fresh cakes and cupcakes was 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 2022 (10.21%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.002.27%
2017$20.281.39%
2018$20.732.23%
2019$21.222.35%
2020$21.03-0.87%
2021$21.662.98%
2022$23.8710.21%*

* 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:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI64.10066.86273.38582.19291.24695.57799.585104.838109.308111.769116.046122.862129.862138.085145.108148.385155.162159.969167.800173.123177.769179.331183.685188.031194.185198.208204.508208.662213.700217.031225.784247.176256.729257.470265.787276.260280.616283.951292.195298.837302.991309.761317.047314.287323.652356.706

Adjust fresh cakes and cupcakes prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Fresh cakes and cupcakes was 298.837 in the year 2016 and 356.706 in 2022:

356.706 / 298.837 * $20 = $23.87

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $23.87 in 2022 (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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