Bakery products priced at $20 in 1977 $97.49 in 2021

Bakery Products Inflation Calculator

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Prices for Bakery Products, 1977-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products were 387.44% higher in 2021 versus 1977 (a $77.49 difference in value).

Between 1977 and 2021: Bakery products experienced an average inflation rate of 3.67% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 1977 would cost $97.49 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.42% during this same period, inflation for bakery products was higher.

Price Inflation for Bakery products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (11.38%), 1979 (10.65%), and 2008 (10.31%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Bakery 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
CPI 64.700 67.992 75.231 83.792 91.838 96.146 99.654 104.185 108.169 111.062 115.062 121.769 131.515 139.215 144.723 150.408 155.677 161.869 167.354 176.069 181.138 185.415 189.431 194.108 201.315 206.123 211.654 216.238 220.523 226.362 236.633 261.026 268.906 267.956 277.950 286.583 291.489 292.532 296.603 296.866 296.830 299.298 304.810 312.064 315.375

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Buying power of $20 since 1977

Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1977 $20.00 -
1978 $21.02 5.09%
1979 $23.26 10.65%
1980 $25.90 11.38%
1981 $28.39 9.60%
1982 $29.72 4.69%
1983 $30.80 3.65%
1984 $32.21 4.55%
1985 $33.44 3.82%
1986 $34.33 2.67%
1987 $35.57 3.60%
1988 $37.64 5.83%
1989 $40.65 8.00%
1990 $43.03 5.85%
1991 $44.74 3.96%
1992 $46.49 3.93%
1993 $48.12 3.50%
1994 $50.04 3.98%
1995 $51.73 3.39%
1996 $54.43 5.21%
1997 $55.99 2.88%
1998 $57.32 2.36%
1999 $58.56 2.17%
2000 $60.00 2.47%
2001 $62.23 3.71%
2002 $63.72 2.39%
2003 $65.43 2.68%
2004 $66.84 2.17%
2005 $68.17 1.98%
2006 $69.97 2.65%
2007 $73.15 4.54%
2008 $80.69 10.31%
2009 $83.12 3.02%
2010 $82.83 -0.35%
2011 $85.92 3.73%
2012 $88.59 3.11%
2013 $90.10 1.71%
2014 $90.43 0.36%
2015 $91.69 1.39%
2016 $91.77 0.09%
2017 $91.76 -0.01%
2018 $92.52 0.83%
2019 $94.22 1.84%
2020 $96.46 2.38%
2021 $97.49 1.06%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for bakery products, 1977-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1977 * 1977 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 64.700 in the year 1977 and 315.375 in 2021:

315.375 / 64.700 * $20 = $97.49

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $97.49 in 2021 (in the CPI category of Bakery products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Bakery products in 1977. 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.

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