Crackers, bread, and cracker products price inflation, 2023→2024

Crackers, Bread, And Cracker Products Inflation Calculator

Prices for Crackers, Bread, And Cracker Products, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for crackers, bread, and cracker products are 3.39% higher in 2024 versus 2023 (a $0.68 difference in value).

Between 2023 and 2024: Crackers, bread, and cracker products experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, crackers, bread, and cracker products costing $20 in the year 2023 would cost $20.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for crackers, bread, and cracker products was higher.

In the year 2023: Pricing changed by 10.23%, which is significantly above the average yearly change for crackers, bread, and cracker products during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for crackers, bread, and cracker products was much higher.

Price Inflation for Crackers, bread, and cracker products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (16.07%), 2023 (10.23%), and 1989 (9.73%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Crackers, bread, and cracker products, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	10.23%
2024	$20.68	3.39%*

* 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 Crackers, bread, and cracker 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	67.300	70.346	76.008	82.908	87.992	93.923	99.562	106.523	115.669	119.577	123.508	129.369	141.954	155.385	166.038	174.869	177.308	180.500	185.485	202.315	210.808	214.731	218.592	225.023	231.600	236.062	243.385	249.277	246.508	250.669	255.261	273.883	286.529	285.986	293.966	302.981	300.821	305.865	307.837	306.144	303.959	300.440	306.902	314.863	328.165	380.917	419.868	434.119

Adjust crackers, bread, and cracker products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Crackers, bread, and cracker products was 419.868 in the year 2023 and 434.119 in 2024:

434.119 / 419.868 * $20 = $20.68

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.68 in 2024 (in the CPI category of Crackers, bread, and cracker products).

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