According to the U.S. Bureau of Labor Statistics, prices for candy and chewing gum are 93.33% higher in 2024 versus 1998 (a $18.67 difference in value).
Between 1998 and 2024: Candy and chewing gum experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, candy and chewing gum costing $20 in the year 1998 would cost $38.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for candy and chewing gum was higher.
In the year 1998: Pricing changed by 0.95%, which is below the average yearly change for candy and chewing gum during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for candy and chewing gum was lower.
Below are calculations of equivalent buying power for Candy and chewing gum, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 0.95% |
| 1999 | $20.27 | 1.35% |
| 2000 | $20.56 | 1.44% |
| 2001 | $20.66 | 0.50% |
| 2002 | $21.04 | 1.84% |
| 2003 | $21.36 | 1.52% |
| 2004 | $21.47 | 0.49% |
| 2005 | $21.69 | 1.02% |
| 2006 | $22.23 | 2.50% |
| 2007 | $23.00 | 3.45% |
| 2008 | $24.40 | 6.11% |
| 2009 | $25.79 | 5.68% |
| 2010 | $26.24 | 1.77% |
| 2011 | $26.94 | 2.64% |
| 2012 | $27.92 | 3.63% |
| 2013 | $27.65 | -0.96% |
| 2014 | $27.67 | 0.10% |
| 2015 | $28.80 | 4.05% |
| 2016 | $28.74 | -0.19% |
| 2017 | $28.59 | -0.54% |
| 2018 | $28.86 | 0.95% |
| 2019 | $29.72 | 2.97% |
| 2020 | $30.68 | 3.25% |
| 2021 | $31.55 | 2.82% |
| 2022 | $34.50 | 9.35% |
| 2023 | $37.74 | 9.40% |
| 2024 | $38.67 | 2.46%* |
* 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 Candy and chewing gum:
| 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 | 100.954 | 102.315 | 103.785 | 104.308 | 106.223 | 107.838 | 108.362 | 109.462 | 112.200 | 116.075 | 123.163 | 130.161 | 132.467 | 135.965 | 140.907 | 139.555 | 139.692 | 145.352 | 145.080 | 144.297 | 145.674 | 149.997 | 154.872 | 159.238 | 174.127 | 190.500 | 195.179 |