Bananas priced at $3.50 in 2002 $4.32 in 2022

Bananas Inflation Calculator

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Prices for Bananas, 2002-2022 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices for bananas are 23.54% higher in 2022 versus 2002 (a $0.82 difference in value).

The current national average price is $0.64 for "Bananas, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2002 and 2022: Bananas experienced an average inflation rate of 1.06% per year. In other words, bananas costing $3.50 in the year 2002 would cost $4.32 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.41% during this same period, inflation for bananas was lower.

In the year 2002: Pricing changed by -0.06%, which is below the average yearly change for bananas during the 2002-2022 time period. Compared to inflation for all items in 2002 (1.59%), inflation for bananas was lower.

Price Inflation for Bananas since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1942 (45.37%), 1947 (30.15%), and 1975 (25.26%).

Price history

The average price for Bananas 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 Bananas, per lb. (453.6 gm):

YearAverage price (Bananas)Inflation adjusted price (2022 dollars)
2022$0.64 (latest available value)$0.64
2021$0.60$0.63
2020$0.58$0.62
2019$0.57$0.60
2018$0.57$0.60
2017$0.56$0.59
2016$0.57$0.59
2015$0.58$0.60
2014$0.60$0.61
2013$0.60$0.61
2012$0.60$0.60
2011$0.61$0.61
2010$0.58$0.61
2009$0.61$0.61
2008$0.61$0.60
2007$0.51$0.59
2006$0.50$0.59
2005$0.49$0.61
2004$0.50$0.63
2003$0.51$0.63
2002$0.51$0.63
2001$0.51$0.63
2000$0.50$0.63
1999$0.49$0.63
1998$0.49$0.63
1997$0.49$0.63
1996$0.49$0.63
1995$0.49$0.66
1994$0.46$0.66
1993$0.44$0.67
1992$0.46$0.67
1991$0.48$0.68
1990$0.46$0.69
1989$0.45$0.70
1988$0.42$0.72
1987$0.36$0.72
1986$0.38$0.75
1985$0.37$0.76
1984$0.36$0.76
1983$0.39$0.75
1982$0.35$0.76
1981$0.36$0.76
1980$0.34$0.77

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Buying power of $3.50 since 2002

Below are calculations of equivalent buying power for Bananas, over time, for $3.50 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$3.50-0.06%
2003$3.46-1.01%
2004$3.43-1.12%
2005$3.512.50%
2006$3.684.93%
2007$3.731.28%
2008$4.3616.82%
2009$4.36-0.07%
2010$4.11-5.70%
2011$4.335.33%
2012$4.31-0.39%
2013$4.27-0.82%
2014$4.25-0.65%
2015$4.22-0.62%
2016$4.18-0.96%
2017$4.10-1.85%
2018$4.130.79%
2019$4.12-0.37%
2020$4.06-1.37%
2021$4.111.22%
2022$4.325.15%*
* Not final. See inflation summary for latest details.

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

Year193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI14.52315.01516.85424.50028.83128.28526.33127.90836.32338.32339.95439.10039.29239.34639.72339.80040.12339.89241.14641.04640.36937.68537.70038.82339.10039.71538.91538.05438.40838.00038.93138.98536.71539.07740.80845.83157.40858.16963.23170.70079.83891.53197.65496.085105.99297.92399.946105.015104.177119.238131.292138.169145.015139.931135.523143.569153.769159.015159.577160.854159.415162.492166.615166.523164.838162.992167.062175.292177.538207.394207.256195.442205.850205.052203.370202.041200.786198.852195.168196.709195.983193.307195.656205.726

Adjust bananas prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Bananas was 166.523 in the year 2002 and 205.726 in 2022:

205.726 / 166.523 * $3.50 = $4.32

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 2002 has the same "purchasing power" as $4.32 in 2022 (in the CPI category of Bananas).


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

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