Sugar and sugar substitutes priced at $20 in 1977 $86.21 in 2023

Sugar And Sugar Substitutes Inflation Calculator

$

Prices for Sugar And Sugar Substitutes, 1977-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for sugar and sugar substitutes are 331.03% higher in 2023 versus 1977 (a $66.21 difference in value).

Between 1977 and 2023: Sugar and sugar substitutes experienced an average inflation rate of 3.23% per year. This rate of change indicates significant inflation. In other words, sugar and sugar substitutes costing $20 in the year 1977 would cost $86.21 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for sugar and sugar substitutes was lower.

Price Inflation for Sugar and sugar substitutes since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (55.94%), 2022 (11.30%), and 2023 (10.22%).

View price changes for other categories
Houston, Texas · Fresh fruits · Admission to sporting events · Bread · More

Buying power of $20.00 since 1977

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

YearUSD ValueInflation Rate
1977$20.00-
1978$21.979.87%
1979$23.095.10%
1980$36.0155.94%
1981$35.86-0.43%
1982$32.59-9.13%
1983$33.763.60%
1984$34.321.67%
1985$34.15-0.52%
1986$34.170.06%
1987$34.420.73%
1988$35.422.93%
1989$38.187.78%
1990$39.744.10%
1991$40.251.26%
1992$40.400.38%
1993$40.841.10%
1994$41.561.76%
1995$42.552.38%
1996$44.494.56%
1997$45.231.67%
1998$45.500.58%
1999$46.041.20%
2000$46.01-0.06%
2001$47.072.29%
2002$48.062.11%
2003$48.911.76%
2004$49.290.79%
2005$50.031.51%
2006$55.019.95%
2007$56.061.92%
2008$57.212.05%
2009$59.824.56%
2010$62.965.25%
2011$66.295.29%
2012$67.521.85%
2013$63.83-5.46%
2014$60.97-4.49%
2015$63.734.52%
2016$63.20-0.83%
2017$62.95-0.39%
2018$62.80-0.24%
2019$63.150.55%
2020$67.506.90%
2021$70.274.11%
2022$78.2111.30%
2023$86.2110.22%*

* 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 Sugar and sugar substitutes:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI59.60065.48568.823107.323106.86297.108100.608102.285101.754101.815102.562105.562113.777118.438119.931120.392121.715123.862126.808132.585134.800135.577137.200137.123140.262143.215145.738146.885149.100163.931167.072170.491178.269187.621197.554201.211190.218181.686189.906188.325187.596187.142188.177201.155209.418233.076256.895

Adjust sugar and sugar substitutes prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1977 * 1977 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Sugar and sugar substitutes was 59.600 in the year 1977 and 256.895 in 2023:

256.895 / 59.600 * $20 = $86.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $86.21 in 2023 (in the CPI category of Sugar and sugar substitutes).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Sugar and sugar substitutes in 1977. In addition to sugar and sugar substitutes, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.