Sugar and sweets price inflation, 2022→2024

Sugar And Sweets Inflation Calculator

Prices for Sugar And Sweets, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for sugar and sweets are 11.79% higher in 2024 versus 2022 (a $2.36 difference in value).

Between 2022 and 2024: Sugar and sweets experienced an average inflation rate of 5.73% per year. This rate of change indicates significant inflation. In other words, sugar and sweets costing $20 in the year 2022 would cost $22.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.50% during this same period, inflation for sugar and sweets was higher.

In the year 2022: Pricing changed by 10.41%, which is significantly above the average yearly change for sugar and sweets during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for sugar and sweets was higher.

Price Inflation for Sugar and sweets since 1935

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

Years with the largest changes in pricing: 1974 (52.23%), 1975 (26.11%), and 1947 (25.07%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Sugar and sweets, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	10.41%
2023	$21.73	8.66%
2024	$22.36	2.88%*

* 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 Sugar and sweets:

Year	1935	1936	1937	1938	1939	1940	1941	1942	1943	1944	1945	1946	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	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	11.246	11.115	11.300	10.923	11.246	10.815	11.885	14.138	14.192	14.100	14.100	16.077	20.108	19.438	19.708	20.092	20.838	21.023	21.254	21.692	22.169	21.631	22.285	23.300	23.785	23.923	23.438	23.462	25.454	26.715	26.238	25.731	26.523	27.423	28.938	30.523	31.646	32.062	34.023	51.792	65.315	57.869	60.831	68.315	73.638	90.523	97.685	97.477	99.315	103.192	105.785	109.038	111.000	114.008	119.400	124.692	129.285	133.054	133.354	135.200	137.523	143.662	147.777	150.162	152.285	153.969	155.738	158.962	162.015	163.154	165.162	171.454	176.772	186.577	196.933	201.242	207.832	214.670	210.992	209.317	216.118	215.329	215.068	215.850	220.246	227.591	234.359	258.765	281.176	289.268

Adjust sugar and sweets 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 Sugar and sweets was 258.765 in the year 2022 and 289.268 in 2024:

289.268 / 258.765 * $20 = $22.36

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $22.36 in 2024 (in the CPI category of Sugar and sweets).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Sugar and sweets in 1935. In addition to sugar and sweets, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.