According to the U.S. Bureau of Labor Statistics, prices for ice cream and related products are 142.72% higher in 2024 versus 1988 (a $28.54 difference in value).
Between 1988 and 2024: Ice cream and related products experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, ice cream and related products costing $20 in the year 1988 would cost $48.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for ice cream and related products was lower.
In the year 1988: Pricing changed by 1.99%, which is below the average yearly change for ice cream and related products during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for ice cream and related products was lower.
Below are calculations of equivalent buying power for Ice cream and related products, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $20.00 | 1.99% |
| 1989 | $20.98 | 4.88% |
| 1990 | $22.39 | 6.75% |
| 1991 | $22.68 | 1.28% |
| 1992 | $23.10 | 1.87% |
| 1993 | $23.26 | 0.66% |
| 1994 | $23.80 | 2.33% |
| 1995 | $24.27 | 2.00% |
| 1996 | $25.53 | 5.15% |
| 1997 | $26.58 | 4.14% |
| 1998 | $27.45 | 3.27% |
| 1999 | $28.55 | 4.00% |
| 2000 | $29.01 | 1.63% |
| 2001 | $30.61 | 5.50% |
| 2002 | $31.61 | 3.27% |
| 2003 | $30.98 | -1.98% |
| 2004 | $31.47 | 1.57% |
| 2005 | $31.36 | -0.36% |
| 2006 | $31.64 | 0.92% |
| 2007 | $32.37 | 2.30% |
| 2008 | $34.03 | 5.12% |
| 2009 | $34.71 | 2.00% |
| 2010 | $34.43 | -0.82% |
| 2011 | $36.91 | 7.21% |
| 2012 | $38.04 | 3.06% |
| 2013 | $38.04 | -0.01% |
| 2014 | $38.02 | -0.03% |
| 2015 | $38.70 | 1.76% |
| 2016 | $38.74 | 0.11% |
| 2017 | $38.82 | 0.21% |
| 2018 | $38.94 | 0.30% |
| 2019 | $39.16 | 0.58% |
| 2020 | $40.68 | 3.88% |
| 2021 | $40.99 | 0.76% |
| 2022 | $45.06 | 9.94% |
| 2023 | $48.42 | 7.44% |
| 2024 | $48.54 | 0.26%* |
* 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 Ice cream and related products:
| 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 | 2024 |
| CPI | 65.100 | 68.177 | 76.154 | 86.431 | 95.908 | 97.877 | 99.731 | 102.385 | 105.762 | 107.423 | 111.077 | 113.292 | 118.815 | 126.838 | 128.462 | 130.869 | 131.738 | 134.808 | 137.508 | 144.592 | 150.577 | 155.500 | 161.723 | 164.354 | 173.392 | 179.054 | 175.508 | 178.269 | 177.623 | 179.254 | 183.382 | 192.776 | 196.622 | 195.014 | 209.084 | 215.475 | 215.461 | 215.396 | 219.194 | 219.431 | 219.891 | 220.552 | 221.833 | 230.445 | 232.187 | 255.272 | 274.273 | 274.988 |