According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes were 0.87% lower in 2020 versus 2019 (a $0.17 difference in value).
Between 2019 and 2020: Fresh cakes and cupcakes experienced an average inflation rate of -0.87% per year. In other words, fresh cakes and cupcakes costing $20 in the year 2019 would cost $19.83 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.23% during this same period, inflation for fresh cakes and cupcakes was lower.
In the year 2019: Pricing changed by 2.35%, which is significantly above the average yearly change for fresh cakes and cupcakes during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|