According to the U.S. Bureau of Labor Statistics, prices for fresh cakes and cupcakes are 510.75% higher in 2024 versus 1977 (a $102.15 difference in value).
Between 1977 and 2024: Fresh cakes and cupcakes experienced an average inflation rate of 3.93% per year. This rate of change indicates significant inflation. In other words, fresh cakes and cupcakes costing $20 in the year 1977 would cost $122.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for fresh cakes and cupcakes was higher.
Below are calculations of equivalent buying power for Fresh cakes and cupcakes, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1977 | $20.00 | - |
| 1978 | $20.86 | 4.31% |
| 1979 | $22.90 | 9.76% |
| 1980 | $25.65 | 12.00% |
| 1981 | $28.47 | 11.02% |
| 1982 | $29.82 | 4.75% |
| 1983 | $31.07 | 4.19% |
| 1984 | $32.71 | 5.28% |
| 1985 | $34.11 | 4.26% |
| 1986 | $34.87 | 2.25% |
| 1987 | $36.21 | 3.83% |
| 1988 | $38.33 | 5.87% |
| 1989 | $40.52 | 5.70% |
| 1990 | $43.08 | 6.33% |
| 1991 | $45.28 | 5.09% |
| 1992 | $46.30 | 2.26% |
| 1993 | $48.41 | 4.57% |
| 1994 | $49.91 | 3.10% |
| 1995 | $52.36 | 4.90% |
| 1996 | $54.02 | 3.17% |
| 1997 | $55.47 | 2.68% |
| 1998 | $55.95 | 0.88% |
| 1999 | $57.31 | 2.43% |
| 2000 | $58.67 | 2.37% |
| 2001 | $60.59 | 3.27% |
| 2002 | $61.84 | 2.07% |
| 2003 | $63.81 | 3.18% |
| 2004 | $65.11 | 2.03% |
| 2005 | $66.68 | 2.41% |
| 2006 | $67.72 | 1.56% |
| 2007 | $70.45 | 4.03% |
| 2008 | $77.12 | 9.47% |
| 2009 | $80.10 | 3.86% |
| 2010 | $80.33 | 0.29% |
| 2011 | $82.93 | 3.23% |
| 2012 | $86.20 | 3.94% |
| 2013 | $87.56 | 1.58% |
| 2014 | $88.60 | 1.19% |
| 2015 | $91.17 | 2.90% |
| 2016 | $93.24 | 2.27% |
| 2017 | $94.54 | 1.39% |
| 2018 | $96.65 | 2.23% |
| 2019 | $98.92 | 2.35% |
| 2020 | $98.06 | -0.87% |
| 2021 | $100.98 | 2.98% |
| 2022 | $112.43 | 11.34% |
| 2023 | $121.70 | 8.24% |
| 2024 | $122.15 | 0.37%* |
* 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 Fresh cakes and cupcakes:
| 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 | 64.100 | 66.862 | 73.385 | 82.192 | 91.246 | 95.577 | 99.585 | 104.838 | 109.308 | 111.769 | 116.046 | 122.862 | 129.862 | 138.085 | 145.108 | 148.385 | 155.162 | 159.969 | 167.800 | 173.123 | 177.769 | 179.331 | 183.685 | 188.031 | 194.185 | 198.208 | 204.508 | 208.662 | 213.700 | 217.031 | 225.784 | 247.176 | 256.729 | 257.470 | 265.787 | 276.260 | 280.616 | 283.951 | 292.195 | 298.837 | 302.991 | 309.761 | 317.047 | 314.287 | 323.652 | 360.346 | 390.044 | 391.492 |