Bakery products price history from 2000 through 2019

Historical Price Inflation for Bakery products

Prices for Bakery Products, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bakery products were 56.85% higher in 2019 versus 2000 (a $11.37 difference in value).

Between 2000 and 2019: Bakery products experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 2000 would cost $31.37 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for bakery products was higher.

In the year 2000: Pricing changed by 2.46%, which is above the average yearly change for bakery products during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for bakery products was lower.

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
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	304.469

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Bakery products, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20.00	2.46%
2001	$20.74	3.71%
2002	$21.24	2.39%
2003	$21.81	2.69%
2004	$22.28	2.17%
2005	$22.72	1.97%
2006	$23.32	2.64%
2007	$24.38	4.55%
2008	$26.89	10.30%
2009	$27.71	3.02%
2010	$27.61	-0.35%
2011	$28.64	3.73%
2012	$29.53	3.11%
2013	$30.03	1.71%
2014	$30.14	0.36%
2015	$30.56	1.39%
2016	$30.59	0.09%
2017	$30.58	-0.01%
2018	$30.84	0.83%
2019	$31.37	1.73%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for bakery products, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Bakery products was 194.108 in the year 2000 and 304.469 in 2019:

304.469 / 194.108 * $20 = $31.37

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.37 in 2019 (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.