According to the U.S. Bureau of Labor Statistics, prices for bakery products are 125.09% higher in 2024 versus 1996 (a $25.02 difference in value).
Between 1996 and 2024: Bakery products experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, bakery products costing $20 in the year 1996 would cost $45.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for bakery products was higher.
In the year 1996: Pricing changed by 5.21%, which is above the average yearly change for bakery products during the 1996-2024 time period. Compared to inflation for all items in 1996 (2.93%), inflation for bakery products was higher.
Below are calculations of equivalent buying power for Bakery products, 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 | 5.21% |
| 1997 | $20.58 | 2.88% |
| 1998 | $21.06 | 2.36% |
| 1999 | $21.52 | 2.17% |
| 2000 | $22.05 | 2.47% |
| 2001 | $22.87 | 3.71% |
| 2002 | $23.41 | 2.39% |
| 2003 | $24.04 | 2.68% |
| 2004 | $24.56 | 2.17% |
| 2005 | $25.05 | 1.98% |
| 2006 | $25.71 | 2.65% |
| 2007 | $26.88 | 4.54% |
| 2008 | $29.65 | 10.31% |
| 2009 | $30.55 | 3.02% |
| 2010 | $30.44 | -0.35% |
| 2011 | $31.57 | 3.73% |
| 2012 | $32.55 | 3.11% |
| 2013 | $33.11 | 1.71% |
| 2014 | $33.23 | 0.36% |
| 2015 | $33.69 | 1.39% |
| 2016 | $33.72 | 0.09% |
| 2017 | $33.72 | -0.01% |
| 2018 | $34.00 | 0.83% |
| 2019 | $34.62 | 1.84% |
| 2020 | $35.45 | 2.38% |
| 2021 | $36.34 | 2.52% |
| 2022 | $40.96 | 12.70% |
| 2023 | $44.64 | 8.99% |
| 2024 | $45.02 | 0.85%* |
* 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 Bakery products:
| Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 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 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 64.700 | 67.992 | 75.231 | 83.792 | 91.838 | 96.146 | 99.654 | 104.185 | 108.169 | 111.062 | 115.062 | 121.769 | 131.515 | 139.215 | 144.723 | 150.408 | 155.677 | 161.869 | 167.354 | 176.069 | 181.138 | 185.415 | 189.431 | 194.108 | 201.315 | 206.123 | 211.654 | 216.238 | 220.523 | 226.362 | 236.633 | 261.026 | 268.906 | 267.956 | 277.950 | 286.583 | 291.489 | 292.532 | 296.603 | 296.866 | 296.830 | 299.298 | 304.810 | 312.064 | 319.920 | 360.548 | 392.958 | 396.317 |