Apples priced at $1.31 in 1998 $2.32 in 2022

Apples Inflation Calculator

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Prices for Apples, 1998-2022 ($1.31)

According to the U.S. Bureau of Labor Statistics, prices for apples are 76.78% higher in 2022 versus 1998 (a $1.01 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 1998 and 2022: Apples experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, apples costing $1.31 in the year 1998 would cost $2.32 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for apples was lower.

In the year 1998: Pricing changed by 1.36%, which is below the average yearly change for apples during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for apples was lower.

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 (2022 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 1998

Below are calculations of equivalent buying power for Apples, over time, for $1.31 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$1.311.36%
1999$1.30-1.06%
2000$1.386.22%
2001$1.380.60%
2002$1.497.89%
2003$1.585.92%
2004$1.632.97%
2005$1.59-2.24%
2006$1.8012.74%
2007$1.947.96%
2008$2.1611.37%
2009$1.87-13.57%
2010$1.922.73%
2011$2.025.38%
2012$2.177.32%
2013$2.264.13%
2014$2.24-1.01%
2015$2.13-4.64%
2016$2.286.77%
2017$2.23-1.97%
2018$2.17-2.63%
2019$2.191.04%
2020$2.09-4.83%
2021$2.205.56%
2022$2.325.03%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Apples:

Year193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI7.2547.7317.96910.51515.93116.66219.07720.22319.39218.03818.96917.96216.46222.28525.16924.48524.15424.23126.46724.16423.54626.79228.69227.12328.66228.90829.63133.07734.70840.43840.19237.10839.63142.21550.31556.40856.39254.00064.08580.11579.10092.06284.34698.80894.608106.577113.115130.608130.954134.200140.477147.462172.838179.508169.031173.954183.523202.308199.585202.292200.138212.585213.854230.731244.392251.662246.023277.369299.446333.496288.225296.082312.003334.848348.691345.156329.146351.439344.502335.449338.929322.572340.498357.621

Adjust apples prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Apples was 202.292 in the year 1998 and 357.621 in 2022:

357.621 / 202.292 * $1.31 = $2.32

Therefore, according to U.S. Bureau of Labor Statistics, $1.31 in 1998 has the same "purchasing power" as $2.32 in 2022 (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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