Fresh cakes and cupcakes priced at $20 in 2023 $20.04 in 2024

Fresh Cakes And Cupcakes Inflation Calculator

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Prices for Fresh Cakes And Cupcakes, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 0.20% higher in 2024 versus 2023 (a $0.04 difference in value).

Between 2023 and 2024: Fresh cakes and cupcakes experienced an average inflation rate of 0.20% per year. In other words, fresh cakes and cupcakes costing $20 in the year 2023 would cost $20.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for fresh cakes and cupcakes was lower.

In the year 2023: Pricing changed by 8.24%, which is significantly above the average yearly change for fresh cakes and cupcakes during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for fresh cakes and cupcakes was much 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%), 2022 (11.34%), and 1981 (11.02%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.008.24%
2024$20.040.20%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI64.10066.86273.38582.19291.24695.57799.585104.838109.308111.769116.046122.862129.862138.085145.108148.385155.162159.969167.800173.123177.769179.331183.685188.031194.185198.208204.508208.662213.700217.031225.784247.176256.729257.470265.787276.260280.616283.951292.195298.837302.991309.761317.047314.287323.652360.346390.044390.808

Adjust fresh cakes and cupcakes prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh cakes and cupcakes was 390.044 in the year 2023 and 390.808 in 2024:

390.808 / 390.044 * $20 = $20.04

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.04 in 2024 (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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