Frozen and refrigerated bakery products, pies, tarts, turnovers priced at $20 in 2022 $21.95 in 2024

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

$

Prices for Frozen And Refrigerated Bakery Products, Pies, Tarts, Turnovers, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen and refrigerated bakery products, pies, tarts, turnovers are 9.76% higher in 2024 versus 2022 (a $1.95 difference in value).

Between 2022 and 2024: Frozen and refrigerated bakery products, pies, tarts, turnovers experienced an average inflation rate of 4.77% 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 2022 would cost $21.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for frozen and refrigerated bakery products, pies, tarts, turnovers was higher.

In the year 2022: Pricing changed by 15.32%, which is significantly above the average yearly change for frozen and refrigerated bakery products, pies, tarts, turnovers during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for frozen and refrigerated bakery products, pies, tarts, turnovers was much higher.

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%).

View price changes for other categories
Financial services · Tampa, Florida · Bread · New trucks · More

Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Frozen and refrigerated bakery products, pies, tarts, turnovers, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2022$20.0015.32%
2023$21.778.87%
2024$21.950.81%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI62.40066.14673.90882.02391.02396.38599.162104.477109.754114.423119.123123.677132.838140.254144.862149.100156.108162.538170.169174.854178.031187.169189.185191.662201.754207.762211.415214.369215.754218.623226.312242.639255.770257.497262.881268.320270.765270.537269.375267.841268.380268.458269.258272.061274.705316.790344.897347.700

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frozen and refrigerated bakery products, pies, tarts, turnovers was 316.790 in the year 2022 and 347.700 in 2024:

347.700 / 316.790 * $20 = $21.95

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $21.95 in 2024 (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.

» Read more about inflation and investment.