According to the U.S. Bureau of Labor Statistics, prices for apples were 39.80% higher in 2020 versus 2002 (a $7.96 difference in value).
Between 2002 and 2020: Apples experienced an average inflation rate of 1.88% per year. In other words, apples costing $20 in the year 2002 would cost $27.96 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, inflation for apples was lower.
In the year 2002: Pricing changed by 7.89%, which is significantly above the average yearly change for apples during the 2002-2020 time period. Compared to inflation for all items in 2002 (1.59%), inflation for apples was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Apples:
Year | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 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 |
CPI | 7.254 | 7.731 | 7.969 | 10.515 | 15.931 | 16.662 | 19.077 | 20.223 | 19.392 | 18.038 | 18.969 | 17.962 | 16.462 | 22.285 | 25.169 | 24.485 | 24.154 | 24.231 | 26.467 | 24.164 | 23.546 | 26.792 | 28.692 | 27.123 | 28.662 | 28.908 | 29.631 | 33.077 | 34.708 | 40.438 | 40.192 | 37.108 | 39.631 | 42.215 | 50.315 | 56.408 | 56.392 | 54.000 | 64.085 | 80.115 | 79.100 | 92.062 | 84.346 | 98.808 | 94.608 | 106.577 | 113.115 | 130.608 | 130.954 | 134.200 | 140.477 | 147.462 | 172.838 | 179.508 | 169.031 | 173.954 | 183.523 | 202.308 | 199.585 | 202.292 | 200.138 | 212.585 | 213.854 | 230.731 | 244.392 | 251.662 | 246.023 | 277.369 | 299.446 | 333.496 | 288.225 | 296.082 | 312.003 | 334.848 | 348.691 | 345.156 | 329.146 | 351.439 | 344.502 | 335.449 | 338.929 | 322.572 |
Below are calculations of equivalent buying power for Apples, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2002 | $20.00 | 7.89% |
2003 | $21.18 | 5.92% |
2004 | $21.81 | 2.97% |
2005 | $21.33 | -2.24% |
2006 | $24.04 | 12.74% |
2007 | $25.96 | 7.96% |
2008 | $28.91 | 11.37% |
2009 | $24.98 | -13.57% |
2010 | $25.66 | 2.73% |
2011 | $27.04 | 5.38% |
2012 | $29.02 | 7.32% |
2013 | $30.22 | 4.13% |
2014 | $29.92 | -1.01% |
2015 | $28.53 | -4.64% |
2016 | $30.46 | 6.77% |
2017 | $29.86 | -1.97% |
2018 | $29.08 | -2.63% |
2019 | $29.38 | 1.04% |
2020 | $27.96 | -4.83%* |