According to the U.S. Bureau of Labor Statistics, prices for cereals and bakery products are 1,646.88% higher in 2024 versus 1947 (a $329.38 difference in value).
Between 1947 and 2024: Cereals and bakery products experienced an average inflation rate of 3.78% per year. This rate of change indicates significant inflation. In other words, cereals and bakery products costing $20 in the year 1947 would cost $349.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.49% during this same period, inflation for cereals and bakery products was higher.
In the year 1947: Pricing changed by 24.42%, which is significantly above the average yearly change for cereals and bakery products during the 1947-2024 time period. Compared to inflation for all items in 1947 (14.39%), inflation for cereals and bakery products was much higher.
Below are calculations of equivalent buying power for Cereals and bakery products, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1947 | $20.00 | 24.42% |
| 1948 | $21.99 | 9.93% |
| 1949 | $21.86 | -0.58% |
| 1950 | $22.23 | 1.73% |
| 1951 | $24.26 | 9.10% |
| 1952 | $24.85 | 2.43% |
| 1953 | $25.33 | 1.94% |
| 1954 | $25.93 | 2.35% |
| 1955 | $26.33 | 1.57% |
| 1956 | $26.70 | 1.38% |
| 1957 | $27.75 | 3.96% |
| 1958 | $28.31 | 1.99% |
| 1959 | $28.51 | 0.72% |
| 1960 | $29.10 | 2.07% |
| 1961 | $29.75 | 2.23% |
| 1962 | $30.34 | 2.01% |
| 1963 | $30.80 | 1.49% |
| 1964 | $30.91 | 0.37% |
| 1965 | $31.34 | 1.39% |
| 1966 | $32.65 | 4.19% |
| 1967 | $33.38 | 2.22% |
| 1968 | $33.56 | 0.54% |
| 1969 | $34.50 | 2.79% |
| 1970 | $36.38 | 5.47% |
| 1971 | $38.05 | 4.59% |
| 1972 | $38.30 | 0.65% |
| 1973 | $42.67 | 11.41% |
| 1974 | $55.51 | 30.08% |
| 1975 | $61.74 | 11.24% |
| 1976 | $60.34 | -2.27% |
| 1977 | $61.30 | 1.59% |
| 1978 | $66.80 | 8.97% |
| 1979 | $73.53 | 10.08% |
| 1980 | $82.34 | 11.98% |
| 1981 | $90.57 | 9.99% |
| 1982 | $94.71 | 4.58% |
| 1983 | $97.73 | 3.19% |
| 1984 | $102.01 | 4.37% |
| 1985 | $105.93 | 3.84% |
| 1986 | $108.84 | 2.75% |
| 1987 | $112.68 | 3.53% |
| 1988 | $119.86 | 6.37% |
| 1989 | $129.96 | 8.42% |
| 1990 | $137.39 | 5.72% |
| 1991 | $143.11 | 4.17% |
| 1992 | $148.67 | 3.89% |
| 1993 | $153.66 | 3.35% |
| 1994 | $159.99 | 4.12% |
| 1995 | $164.37 | 2.74% |
| 1996 | $170.74 | 3.87% |
| 1997 | $174.35 | 2.12% |
| 1998 | $177.78 | 1.97% |
| 1999 | $181.53 | 2.11% |
| 2000 | $184.78 | 1.79% |
| 2001 | $190.25 | 2.96% |
| 2002 | $194.38 | 2.17% |
| 2003 | $199.03 | 2.39% |
| 2004 | $202.23 | 1.61% |
| 2005 | $205.09 | 1.41% |
| 2006 | $208.90 | 1.86% |
| 2007 | $218.00 | 4.35% |
| 2008 | $240.32 | 10.24% |
| 2009 | $247.90 | 3.15% |
| 2010 | $245.82 | -0.84% |
| 2011 | $255.50 | 3.94% |
| 2012 | $262.73 | 2.83% |
| 2013 | $265.40 | 1.02% |
| 2014 | $266.04 | 0.24% |
| 2015 | $268.99 | 1.11% |
| 2016 | $268.06 | -0.35% |
| 2017 | $266.65 | -0.52% |
| 2018 | $267.73 | 0.41% |
| 2019 | $271.45 | 1.39% |
| 2020 | $277.42 | 2.20% |
| 2021 | $283.73 | 2.28% |
| 2022 | $320.69 | 13.02% |
| 2023 | $347.72 | 8.43% |
| 2024 | $349.38 | 0.48%* |
* 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 Cereals and bakery products:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 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 | 13.338 | 13.200 | 13.538 | 13.077 | 12.385 | 12.685 | 12.831 | 13.785 | 14.108 | 14.185 | 14.300 | 16.377 | 20.377 | 22.400 | 22.269 | 22.654 | 24.715 | 25.315 | 25.808 | 26.415 | 26.831 | 27.200 | 28.277 | 28.838 | 29.046 | 29.646 | 30.308 | 30.915 | 31.377 | 31.492 | 31.931 | 33.269 | 34.008 | 34.192 | 35.146 | 37.069 | 38.769 | 39.023 | 43.477 | 56.554 | 62.908 | 61.477 | 62.454 | 68.054 | 74.915 | 83.892 | 92.277 | 96.500 | 99.577 | 103.931 | 107.923 | 110.892 | 114.808 | 122.123 | 132.408 | 139.977 | 145.808 | 151.477 | 156.554 | 163.008 | 167.469 | 173.954 | 177.638 | 181.131 | 184.954 | 188.262 | 193.838 | 198.038 | 202.777 | 206.038 | 208.954 | 212.838 | 222.107 | 244.853 | 252.567 | 250.449 | 260.311 | 267.682 | 270.401 | 271.056 | 274.056 | 273.109 | 271.678 | 272.781 | 276.561 | 282.645 | 289.079 | 326.729 | 354.269 | 355.960 |