Frozen and refrigerated bakery products, pies, tarts, turnovers price inflation, 2020→2023

Frozen And Refrigerated Bakery Products, Pies, Tarts, Turnovers Inflation Calculator

Prices for Frozen And Refrigerated Bakery Products, Pies, Tarts, Turnovers, 2020-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen and refrigerated bakery products, pies, tarts, turnovers are 26.82% higher in 2023 versus 2020 (a $5.36 difference in value).

Between 2020 and 2023: Frozen and refrigerated bakery products, pies, tarts, turnovers experienced an average inflation rate of 8.24% per year. This rate of change indicates significant inflation. In other words, frozen and refrigerated bakery products, pies, tarts, turnovers costing $20 in the year 2020 would cost $25.36 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for frozen and refrigerated bakery products, pies, tarts, turnovers was higher.

In the year 2020: Pricing changed by 1.04%, which is significantly below the average yearly change for frozen and refrigerated bakery products, pies, tarts, turnovers during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for frozen and refrigerated bakery products, pies, tarts, turnovers was lower.

Price Inflation for Frozen and refrigerated bakery products, pies, tarts, turnovers since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (15.32%), 1979 (11.73%), and 1980 (10.98%).

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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Frozen and refrigerated bakery products, pies, tarts, turnovers, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	1.04%
2021	$20.19	0.97%
2022	$23.29	15.32%
2023	$25.36	8.91%*

* 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 Frozen and refrigerated bakery products, pies, tarts, turnovers:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	62.400	66.146	73.908	82.023	91.023	96.385	99.162	104.477	109.754	114.423	119.123	123.677	132.838	140.254	144.862	149.100	156.108	162.538	170.169	174.854	178.031	187.169	189.185	191.662	201.754	207.762	211.415	214.369	215.754	218.623	226.312	242.639	255.770	257.497	262.881	268.320	270.765	270.537	269.375	267.841	268.380	268.458	269.258	272.061	274.705	316.790	345.019

Adjust frozen and refrigerated bakery products, pies, tarts, turnovers prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2020 * 2020 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Frozen and refrigerated bakery products, pies, tarts, turnovers was 272.061 in the year 2020 and 345.019 in 2023:

345.019 / 272.061 * $20 = $25.36

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $25.36 in 2023 (in the CPI category of Frozen and refrigerated bakery products, pies, tarts, turnovers).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Frozen and refrigerated bakery products, pies, tarts, turnovers in 1977. In addition to frozen and refrigerated bakery products, pies, tarts, turnovers, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.