According to the U.S. Bureau of Labor Statistics, prices for ice cream and related products are 19.20% higher in 2024 versus 2020 (a $3.84 difference in value).
Between 2020 and 2024: Ice cream and related products experienced an average inflation rate of 4.49% per year. This rate of change indicates significant inflation. In other words, ice cream and related products costing $20 in the year 2020 would cost $23.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for ice cream and related products was lower.
In the year 2020: Pricing changed by 3.88%, which is below the average yearly change for ice cream and related products during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for ice cream and related products was higher.
Below are calculations of equivalent buying power for Ice cream and related products, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 3.88% |
| 2021 | $20.15 | 0.76% |
| 2022 | $22.15 | 9.94% |
| 2023 | $23.80 | 7.44% |
| 2024 | $23.84 | 0.15%* |
* 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 Ice cream and related 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 | 65.100 | 68.177 | 76.154 | 86.431 | 95.908 | 97.877 | 99.731 | 102.385 | 105.762 | 107.423 | 111.077 | 113.292 | 118.815 | 126.838 | 128.462 | 130.869 | 131.738 | 134.808 | 137.508 | 144.592 | 150.577 | 155.500 | 161.723 | 164.354 | 173.392 | 179.054 | 175.508 | 178.269 | 177.623 | 179.254 | 183.382 | 192.776 | 196.622 | 195.014 | 209.084 | 215.475 | 215.461 | 215.396 | 219.194 | 219.431 | 219.891 | 220.552 | 221.833 | 230.445 | 232.187 | 255.272 | 274.273 | 274.684 |