Bakery products price history from 1992 through 2020

Bakery Products Inflation Calculator

Prices for Bakery Products, 1992-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products were 107.37% higher in 2020 versus 1992 (a $21.47 difference in value).

Between 1992 and 2020: Bakery products experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 1992 would cost $41.47 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.21% during this same period, inflation for bakery products was higher.

Price Inflation for Bakery products since 1992

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

Years with the largest changes in pricing: 2008 (10.30%), 1996 (5.22%), and 2007 (4.55%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Bakery products:

Year	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
CPI	150.400	155.683	161.867	167.333	176.067	181.142	185.417	189.450	194.108	201.317	206.125	211.667	216.258	220.525	226.350	236.638	261.016	268.902	267.955	277.950	286.583	291.489	292.532	296.603	296.866	296.830	299.298	304.810	311.881

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Buying power of $20 since 1992

Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1992	$20.00	-
1993	$20.70	3.51%
1994	$21.52	3.97%
1995	$22.25	3.38%
1996	$23.41	5.22%
1997	$24.09	2.88%
1998	$24.66	2.36%
1999	$25.19	2.18%
2000	$25.81	2.46%
2001	$26.77	3.71%
2002	$27.41	2.39%
2003	$28.15	2.69%
2004	$28.76	2.17%
2005	$29.33	1.97%
2006	$30.10	2.64%
2007	$31.47	4.55%
2008	$34.71	10.30%
2009	$35.76	3.02%
2010	$35.63	-0.35%
2011	$36.96	3.73%
2012	$38.11	3.11%
2013	$38.76	1.71%
2014	$38.90	0.36%
2015	$39.44	1.39%
2016	$39.48	0.09%
2017	$39.47	-0.01%
2018	$39.80	0.83%
2019	$40.53	1.84%
2020	$41.47	2.32%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for bakery products, 1992-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1992 * 1992 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 150.400 in the year 1992 and 311.881 in 2020:

311.881 / 150.400 * $20 = $41.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1992 has the same "purchasing power" as $41.47 in 2020 (in the CPI category of Bakery products).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Bakery products in 1992. In addition to bakery products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.