According to the U.S. Bureau of Labor Statistics, prices for cakes, cupcakes, and cookies were 67.74% higher in 2020 versus 1996 (a $13.55 difference in value).
Between 1996 and 2020: Cakes, cupcakes, and cookies experienced an average inflation rate of 2.18% per year. This rate of change indicates significant inflation. In other words, cakes, cupcakes, and cookies costing $20 in the year 1996 would cost $33.55 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for cakes, cupcakes, and cookies was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cakes, cupcakes, and cookies:
| Year | 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 | 174.150 | 179.233 | 181.158 | 184.992 | 187.900 | 192.025 | 196.650 | 202.742 | 206.367 | 209.783 | 214.217 | 221.710 | 239.857 | 250.649 | 251.664 | 255.959 | 266.254 | 271.051 | 273.561 | 278.855 | 281.639 | 282.742 | 287.480 | 291.223 | 292.114 |
Below are calculations of equivalent buying power for Cakes, cupcakes, and cookies, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1996 | $20.00 | - |
| 1997 | $20.58 | 2.92% |
| 1998 | $20.80 | 1.07% |
| 1999 | $21.25 | 2.12% |
| 2000 | $21.58 | 1.57% |
| 2001 | $22.05 | 2.20% |
| 2002 | $22.58 | 2.41% |
| 2003 | $23.28 | 3.10% |
| 2004 | $23.70 | 1.79% |
| 2005 | $24.09 | 1.66% |
| 2006 | $24.60 | 2.11% |
| 2007 | $25.46 | 3.50% |
| 2008 | $27.55 | 8.18% |
| 2009 | $28.79 | 4.50% |
| 2010 | $28.90 | 0.40% |
| 2011 | $29.40 | 1.71% |
| 2012 | $30.58 | 4.02% |
| 2013 | $31.13 | 1.80% |
| 2014 | $31.42 | 0.93% |
| 2015 | $32.02 | 1.94% |
| 2016 | $32.34 | 1.00% |
| 2017 | $32.47 | 0.39% |
| 2018 | $33.02 | 1.68% |
| 2019 | $33.45 | 1.30% |
| 2020 | $33.55 | 0.31%* |