Other bakery products priced at $20 in 1978 $103.51 in 2023

Other Bakery Products Inflation Calculator

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Prices for Other Bakery Products, 1978-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other bakery products are 417.55% higher in 2023 versus 1978 (a $83.51 difference in value).

Between 1978 and 2023: Other bakery products experienced an average inflation rate of 3.72% per year. This rate of change indicates significant inflation. In other words, other bakery products costing $20 in the year 1978 would cost $103.51 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.48% during this same period, inflation for other bakery products was higher.

Price Inflation for Other bakery products since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (14.17%), 1980 (10.97%), and 1979 (10.19%).

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Buying power of $20.00 since 1978

Below are calculations of equivalent buying power for Other bakery products, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20.00-
1979$22.0410.19%
1980$24.4510.97%
1981$26.789.52%
1982$28.185.22%
1983$29.394.31%
1984$31.015.50%
1985$32.575.01%
1986$33.884.04%
1987$35.173.81%
1988$36.724.40%
1989$39.407.29%
1990$41.615.61%
1991$43.344.17%
1992$44.823.40%
1993$46.603.97%
1994$48.033.08%
1995$49.703.47%
1996$52.134.89%
1997$53.212.08%
1998$54.412.25%
1999$55.121.31%
2000$56.542.57%
2001$58.804.00%
2002$59.941.94%
2003$61.202.11%
2004$62.532.17%
2005$62.43-0.15%
2006$63.631.91%
2007$65.102.32%
2008$69.847.28%
2009$72.633.98%
2010$72.960.46%
2011$74.732.43%
2012$76.902.90%
2013$77.801.17%
2014$78.200.51%
2015$78.670.61%
2016$78.36-0.40%
2017$78.22-0.19%
2018$78.15-0.08%
2019$79.691.96%
2020$81.472.24%
2021$83.512.50%
2022$95.3514.17%
2023$103.518.56%*

* 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 Other bakery products:

Year1978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI67.73174.63182.81590.70095.43199.546105.023110.285114.738119.108124.354133.415140.900146.777151.769157.800162.662168.308176.531180.208184.262186.677191.477199.138202.992207.269211.762211.438215.477220.479236.523245.947247.075253.076260.410263.465264.819266.435265.381264.884264.674269.862275.910282.816322.897350.543

Adjust other bakery products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1978 * 1978 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Other bakery products was 67.731 in the year 1978 and 350.543 in 2023:

350.543 / 67.731 * $20 = $103.51

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $103.51 in 2023 (in the CPI category of Other bakery products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other bakery products in 1978. In addition to other 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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