According to the U.S. Bureau of Labor Statistics, prices for sugar and sweets were 4.96% higher in 2020 versus 2018 (a $0.99 difference in value).
Between 2018 and 2020: Sugar and sweets experienced an average inflation rate of 2.45% per year. This rate of change indicates significant inflation. In other words, sugar and sweets costing $20 in the year 2018 would cost $20.99 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for sugar and sweets was higher.
In the year 2018: Pricing changed by 0.36%, which is below the average yearly change for sugar and sweets during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), inflation for sugar and sweets was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Sugar and sweets:
Below are calculations of equivalent buying power for Sugar and sweets, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|