Apples priced at $1.31 in 1953 → $19.50 in 2023

Apples Inflation Calculator

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Prices for Apples, 1953-2023 ($1.31)

According to the U.S. Bureau of Labor Statistics, prices for apples are 1,388.90% higher in 2023 versus 1953 (a $18.19 difference in value).

The current national average price is $1.31 for "Apples, Red Delicious, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 1953 and 2023: Apples experienced an average inflation rate of 3.93% per year. This rate of change indicates significant inflation. In other words, apples costing $1.31 in the year 1953 would cost $19.50 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.51% during this same period, inflation for apples was higher.

In the year 1953: Pricing changed by 12.94%, which is significantly above the average yearly change for apples during the 1953-2023 time period. Compared to inflation for all items in 1953 (0.81%), inflation for apples was much higher.

Price Inflation for Apples since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1943 (51.50%), 1952 (35.37%), and 1942 (31.95%).

Price history

The average price for Apples is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Apples, Red Delicious, per lb. (453.6 gm):

YearAverage price (Apples)Inflation adjusted price (2023 dollars)
2017$1.29$1.29
2016$1.44$1.41
2015$1.36$1.42
2014$1.35$1.35
2013$1.39$1.37
2012$1.38$1.42
2011$1.35$1.49
2010$1.22$1.42
2009$1.18$1.41
2008$1.32$1.36
2007$1.12$1.28
2006$1.07$1.32
2005$0.95$1.33
2004$1.04$1.43
2003$0.98$1.38
2002$0.95$1.42
2001$0.87$1.40
2000$0.92$1.49
1999$0.90$1.54
1998$0.94$1.61
1997$0.91$1.57
1996$0.93$1.58
1995$0.83$1.57
1994$0.80$1.59
1993$0.83$1.70
1992$0.89$1.71
1991$0.89$1.76
1990$0.72$1.68
1989$0.69$1.69
1988$0.73$1.87
1987$0.73$1.91
1986$0.77$2.04
1985$0.68$2.08
1984$0.66$2.12
1983$0.59$2.15
1982$0.64$2.23
1981$0.57$2.31
1980$0.63$2.35
View price changes for other categories
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Buying power of $1.31 since 1953

Below are calculations of equivalent buying power for Apples, over time, for $1.31 beginning in 1953. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1953$1.3112.94%
1954$1.27-2.72%
1955$1.26-1.35%
1956$1.260.32%
1957$1.389.23%
1958$1.26-8.70%
1959$1.23-2.56%
1960$1.3913.78%
1961$1.497.09%
1962$1.41-5.47%
1963$1.495.67%
1964$1.500.86%
1965$1.542.50%
1966$1.7211.63%
1967$1.814.93%
1968$2.1016.51%
1969$2.09-0.61%
1970$1.93-7.67%
1971$2.066.80%
1972$2.206.52%
1973$2.6219.19%
1974$2.9412.11%
1975$2.94-0.03%
1976$2.81-4.24%
1977$3.3418.68%
1978$4.1725.02%
1979$4.12-1.27%
1980$4.7916.39%
1981$4.39-8.38%
1982$5.1417.15%
1983$4.92-4.25%
1984$5.5512.65%
1985$5.896.13%
1986$6.8015.46%
1987$6.820.27%
1988$6.982.48%
1989$7.314.68%
1990$7.684.97%
1991$9.0017.21%
1992$9.343.86%
1993$8.80-5.84%
1994$9.052.91%
1995$9.555.50%
1996$10.5310.24%
1997$10.39-1.35%
1998$10.531.36%
1999$10.42-1.06%
2000$11.066.22%
2001$11.130.60%
2002$12.017.89%
2003$12.725.92%
2004$13.102.97%
2005$12.80-2.24%
2006$14.4412.74%
2007$15.597.96%
2008$17.3611.37%
2009$15.00-13.57%
2010$15.412.73%
2011$16.245.38%
2012$17.437.32%
2013$18.154.13%
2014$17.96-1.01%
2015$17.13-4.64%
2016$18.296.77%
2017$17.93-1.97%
2018$17.46-2.63%
2019$17.641.04%
2020$16.79-4.83%
2021$17.725.56%
2022$18.826.17%
2023$19.503.66%*

* 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 Apples:

Year1939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI7.2547.7317.96910.51515.93116.66219.07720.22319.39218.03818.96917.96216.46222.28525.16924.48524.15424.23126.46724.16423.54626.79228.69227.12328.66228.90829.63133.07734.70840.43840.19237.10839.63142.21550.31556.40856.39254.00064.08580.11579.10092.06284.34698.80894.608106.577113.115130.608130.954134.200140.477147.462172.838179.508169.031173.954183.523202.308199.585202.292200.138212.585213.854230.731244.392251.662246.023277.369299.446333.496288.225296.082312.003334.848348.691345.156329.146351.439344.502335.449338.929322.572340.498361.500374.745

Adjust apples prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1953 * 1953 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Apples was 25.169 in the year 1953 and 374.745 in 2023:

374.745 / 25.169 * $1.31 = $19.50

Therefore, according to U.S. Bureau of Labor Statistics, $1.31 in 1953 has the same "purchasing power" as $19.50 in 2023 (in the CPI category of Apples).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Apples in 1939. In addition to apples, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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