According to the U.S. Bureau of Labor Statistics, prices for bananas were 5.88% lower in 2010 versus 2024 (a $0.21 difference in value).
The current national average price is $0.67 for "Bananas, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.
Between 2024 and 2010: Bananas experienced an average inflation rate of -0.43% per year. In other words, bananas costing $3.50 in the year 2024 would cost $3.29 in 2010 for an equivalent purchase. Compared to the overall inflation rate of -2.56% during this same period, inflation for bananas was higher.
In the year 2024: Pricing changed by -0.73%, which is below the average yearly change for bananas during the 2024-2010 time period. Compared to inflation for all items in 2024 (2.95%), inflation for bananas was much lower.
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):
| Year | Average price (Bananas) | Inflation adjusted price (2026 dollars) |
|---|---|---|
| 2026 | $0.67 (latest available value) | $0.67 |
| 2025 | $0.64 | $0.66 |
| 2024 | $0.62 | $0.66 |
| 2023 | $0.63 | $0.67 |
| 2022 | $0.64 | $0.68 |
| 2021 | $0.60 | $0.68 |
| 2020 | $0.58 | $0.66 |
| 2019 | $0.57 | $0.65 |
| 2018 | $0.57 | $0.65 |
| 2017 | $0.56 | $0.64 |
| 2016 | $0.57 | $0.64 |
| 2015 | $0.58 | $0.64 |
| 2014 | $0.60 | $0.65 |
| 2013 | $0.60 | $0.65 |
| 2012 | $0.60 | $0.65 |
| 2011 | $0.61 | $0.66 |
| 2010 | $0.58 | $0.66 |
| 2009 | $0.61 | $0.65 |
| 2008 | $0.61 | $0.65 |
| 2007 | $0.51 | $0.64 |
| 2006 | $0.50 | $0.63 |
| 2005 | $0.49 | $0.65 |
| 2004 | $0.50 | $0.67 |
| 2003 | $0.51 | $0.68 |
| 2002 | $0.51 | $0.67 |
| 2001 | $0.51 | $0.67 |
| 2000 | $0.50 | $0.68 |
| 1999 | $0.49 | $0.68 |
| 1998 | $0.49 | $0.68 |
| 1997 | $0.49 | $0.67 |
| 1996 | $0.49 | $0.68 |
| 1995 | $0.49 | $0.70 |
| 1994 | $0.46 | $0.71 |
| 1993 | $0.44 | $0.72 |
| 1992 | $0.46 | $0.72 |
| 1991 | $0.48 | $0.73 |
| 1990 | $0.46 | $0.74 |
| 1989 | $0.45 | $0.76 |
| 1988 | $0.42 | $0.78 |
| 1987 | $0.36 | $0.77 |
| 1986 | $0.38 | $0.81 |
| 1985 | $0.37 | $0.81 |
| 1984 | $0.36 | $0.81 |
| 1983 | $0.39 | $0.81 |
| 1982 | $0.35 | $0.81 |
| 1981 | $0.36 | $0.82 |
| 1980 | $0.34 | $0.83 |
Below are calculations of equivalent buying power for Bananas, over time, for $3.50 beginning in 2024. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2024 | $3.50 | -0.73% |
| 2025 | $3.62 | 3.32% |
| 2026 | $3.73 | 3.12%* |
* 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 | 214.527 | 221.219 |