Banana prices were 18.96% higher in 2020 versus 2000 (a $0.66 difference in value).
The latest available average price is $0.655 in October 2026 for Bananas, per lb. (453.6 gm). See observed price history.
Between 2000 and 2020, Bananas experienced an average inflation rate of 0.87% per year. In other words, bananas costing $3.50 in the year 2000 would cost $4.16 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for bananas was lower.
In the year 2000: Pricing changed by 1.93%, which is above the average yearly change for bananas during the 2000-2020 time period. Compared to inflation for all items in 2000 (3.38%), inflation for bananas was lower.
The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.
According to the U.S. Bureau of Labor Statistics, the average price of bananas rose 31%, from $0.501 per pound in 2000 to $0.655 in October 2026. Overall prices rose 96% over the same period, so bananas rose more slowly than inflation. This data is collected by a national survey and can vary from region to region.
● Price● Price, inflation-adjusted
The average price for bananas is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. The table below shows the average U.S. price of bananas, per lb. (453.6 gm) each year, along with the same price adjusted for inflation. To understand how price levels differ from inflation rates, see this article published by the BLS.
| Year | Price (per pound) | Price, inflation-adjusted |
|---|---|---|
| 2026 (partial) | $0.652 | $0.652 |
| 2025 | $0.647 | $0.678 |
| 2024 | $0.620 | $0.668 |
| 2023 | $0.630 | $0.698 |
| 2022 | $0.637 | $0.734 |
| 2021 | $0.600 | $0.747 |
| 2020 | $0.578 | $0.754 |
| 2019 | $0.574 | $0.757 |
| 2018 | $0.574 | $0.771 |
| 2017 | $0.563 | $0.775 |
| 2016 | $0.573 | $0.806 |
| 2015 | $0.583 | $0.830 |
| 2014 | $0.598 | $0.853 |
| 2013 | $0.600 | $0.869 |
| 2012 | $0.602 | $0.885 |
| 2011 | $0.610 | $0.916 |
| 2010 | $0.580 | $0.897 |
| 2009 | $0.611 | $0.961 |
| 2008 | $0.609 | $0.955 |
| 2007 | $0.510 | $0.830 |
| 2006 | $0.500 | $0.838 |
| 2005 | $0.492 | $0.851 |
| 2004 | $0.495 | $0.885 |
| 2003 | $0.509 | $0.933 |
| 2002 | $0.508 | $0.952 |
| 2001 | $0.507 | $0.966 |
| 2000 | $0.501 | $0.982 |
| 1999 | $0.491 | $0.994 |
| 1998 | $0.494 | $1.023 |
| 1997 | $0.487 | $1.023 |
| 1996 | $0.490 | $1.053 |
| 1995 | $0.490 | $1.084 |
| 1994 | $0.462 | $1.053 |
| 1993 | $0.439 | $1.025 |
| 1992 | $0.458 | $1.102 |
| 1991 | $0.481 | $1.192 |
| 1990 | $0.463 | $1.196 |
| 1989 | $0.449 | $1.221 |
| 1988 | $0.418 | $1.193 |
| 1987 | $0.365 | $1.084 |
| 1986 | $0.385 | $1.185 |
| 1985 | $0.367 | $1.151 |
| 1984 | $0.359 | $1.168 |
| 1983 | $0.386 | $1.307 |
| 1982 | $0.354 | $1.238 |
| 1981 | $0.362 | $1.344 |
| 1980 | $0.342 | $1.400 |
Yearly averages; 2026 is through October. Inflation-adjusted to 2026 dollars.
Below are calculations of equivalent buying power for Bananas, over time, for $3.50 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2000 | $3.50 | 1.93% |
| 2001 | $3.59 | 2.54% |
| 2002 | $3.59 | -0.06% |
| 2003 | $3.55 | -1.01% |
| 2004 | $3.51 | -1.12% |
| 2005 | $3.60 | 2.50% |
| 2006 | $3.78 | 4.93% |
| 2007 | $3.82 | 1.28% |
| 2008 | $4.47 | 16.82% |
| 2009 | $4.46 | -0.07% |
| 2010 | $4.21 | -5.70% |
| 2011 | $4.43 | 5.33% |
| 2012 | $4.42 | -0.39% |
| 2013 | $4.38 | -0.82% |
| 2014 | $4.35 | -0.65% |
| 2015 | $4.32 | -0.62% |
| 2016 | $4.28 | -0.96% |
| 2017 | $4.20 | -1.85% |
| 2018 | $4.24 | 0.79% |
| 2019 | $4.22 | -0.37% |
| 2020 | $4.16 | -1.37% |
| 2021 | $4.21 | 1.22% |
| 2022 | $4.44 | 5.41% |
| 2023 | $4.51 | 1.42% |
| 2024 | $4.47 | -0.73% |
| 2025 | $4.63 | 3.45% |
| 2026 | $4.68 | 1.23%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| CPI | 14.525 | 15.017 | 16.850 | 24.500 | 28.833 | 28.283 | 26.333 | 27.908 | 36.325 | 38.325 | 39.958 | 39.100 | 39.292 | 39.342 | 39.725 | 39.800 | 40.125 | 39.892 | 41.150 | 41.042 | 40.367 | 37.683 | 37.700 | 38.825 | 39.100 | 39.717 | 38.917 | 38.050 | 38.408 | 38.000 | 38.933 | 38.983 | 36.717 | 39.075 | 40.808 | 45.833 | 57.408 | 58.167 | 63.233 | 70.700 | 79.842 | 91.533 | 97.658 | 96.083 | 105.992 | 97.925 | 99.950 | 105.017 | 104.175 | 119.242 | 131.292 | 138.167 | 145.017 | 139.933 | 135.525 | 143.567 | 153.767 | 159.017 | 159.575 | 160.850 | 159.417 | 162.492 | 166.617 | 166.525 | 164.842 | 162.992 | 167.058 | 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 | 195.656 | 206.248 | 209.174 | 207.643 | 214.798 | 217.442 |