According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 6.82% higher in 2021 versus 2017 (a $1.36 difference in value).
Between 2017 and 2021: Fresh cakes and cupcakes experienced an average inflation rate of 1.66% per year. In other words, fresh cakes and cupcakes costing $20 in the year 2017 would cost $21.36 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for fresh cakes and cupcakes was lower.
In the year 2017: Pricing changed by 1.39%, which is below the average yearly change for fresh cakes and cupcakes during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for fresh cakes and cupcakes was lower.
Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 2017. 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: