According to the U.S. Bureau of Labor Statistics, prices for baby food and formula are 124.37% higher in 2024 versus 1997 (a $24.87 difference in value).
Between 1997 and 2024: Baby Food and Formula experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, baby food and formula costing $20 in the year 1997 would cost $44.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for baby food and formula was higher.
Below are calculations of equivalent buying power for Baby Food and Formula, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $20.42 | 2.10% |
| 1999 | $21.20 | 3.80% |
| 2000 | $22.05 | 4.05% |
| 2001 | $22.77 | 3.23% |
| 2002 | $23.17 | 1.78% |
| 2003 | $23.74 | 2.45% |
| 2004 | $24.52 | 3.28% |
| 2005 | $24.87 | 1.45% |
| 2006 | $25.60 | 2.94% |
| 2007 | $26.08 | 1.87% |
| 2008 | $27.54 | 5.60% |
| 2009 | $28.00 | 1.65% |
| 2010 | $27.99 | -0.04% |
| 2011 | $28.68 | 2.48% |
| 2012 | $29.84 | 4.05% |
| 2013 | $30.23 | 1.31% |
| 2014 | $30.83 | 1.98% |
| 2015 | $30.78 | -0.16% |
| 2016 | $31.17 | 1.26% |
| 2017 | $31.67 | 1.59% |
| 2018 | $32.36 | 2.18% |
| 2019 | $33.73 | 4.24% |
| 2020 | $34.61 | 2.62% |
| 2021 | $35.52 | 2.62% |
| 2022 | $39.63 | 11.56% |
| 2023 | $42.94 | 8.35% |
| 2024 | $44.87 | 4.51%* |
* 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 Baby Food and Formula:
| Year | 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 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 102.100 | 105.977 | 110.269 | 113.831 | 115.854 | 118.692 | 122.585 | 124.362 | 128.015 | 130.415 | 137.715 | 139.985 | 139.927 | 143.402 | 149.214 | 151.166 | 154.161 | 153.917 | 155.851 | 158.333 | 161.782 | 168.648 | 173.071 | 177.612 | 198.145 | 214.682 | 224.373 |