According to the U.S. Bureau of Labor Statistics, prices for bananas were 21.56% higher in 2020 versus 1996 (a $0.75 difference in value).
Between 1996 and 2020: Bananas experienced an average inflation rate of 0.82% per year. In other words, bananas costing $3.50 in the year 1996 would cost $4.25 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for bananas was lower.
In the year 1996: Pricing changed by 3.41%, which is above the average yearly change for bananas during the 1996-2020 time period. Compared to inflation for all items in 1996 (2.93%), inflation for bananas was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Bananas:
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 | 14.523 | 15.015 | 16.854 | 24.500 | 28.831 | 28.285 | 26.331 | 27.908 | 36.323 | 38.323 | 39.954 | 39.100 | 39.292 | 39.346 | 39.723 | 39.800 | 40.123 | 39.892 | 41.146 | 41.046 | 40.369 | 37.685 | 37.700 | 38.823 | 39.100 | 39.715 | 38.915 | 38.054 | 38.408 | 38.000 | 38.931 | 38.985 | 36.715 | 39.077 | 40.808 | 45.831 | 57.408 | 58.169 | 63.231 | 70.700 | 79.838 | 91.531 | 97.654 | 96.085 | 105.992 | 97.923 | 99.946 | 105.015 | 104.177 | 119.238 | 131.292 | 138.169 | 145.015 | 139.931 | 135.523 | 143.569 | 153.769 | 159.015 | 159.577 | 160.854 | 159.415 | 162.492 | 166.615 | 166.523 | 164.838 | 162.992 | 167.062 | 175.292 | 177.538 | 207.394 | 207.256 | 195.442 | 205.850 | 205.052 | 203.370 | 202.041 | 200.786 | 198.852 | 195.168 | 196.709 | 195.983 | 193.307 |
Below are calculations of equivalent buying power for Bananas, over time, for $3.5 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1996 | $3.50 | 3.41% |
1997 | $3.51 | 0.35% |
1998 | $3.54 | 0.80% |
1999 | $3.51 | -0.89% |
2000 | $3.58 | 1.93% |
2001 | $3.67 | 2.54% |
2002 | $3.67 | -0.06% |
2003 | $3.63 | -1.01% |
2004 | $3.59 | -1.12% |
2005 | $3.68 | 2.50% |
2006 | $3.86 | 4.93% |
2007 | $3.91 | 1.28% |
2008 | $4.56 | 16.82% |
2009 | $4.56 | -0.07% |
2010 | $4.30 | -5.70% |
2011 | $4.53 | 5.33% |
2012 | $4.51 | -0.39% |
2013 | $4.48 | -0.82% |
2014 | $4.45 | -0.65% |
2015 | $4.42 | -0.62% |
2016 | $4.38 | -0.96% |
2017 | $4.30 | -1.85% |
2018 | $4.33 | 0.79% |
2019 | $4.31 | -0.37% |
2020 | $4.25 | -1.37%* |