Canned fruits and vegetables price inflation, 2016→2023

Canned Fruits And Vegetables Inflation Calculator

Prices for Canned Fruits And Vegetables, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for canned fruits and vegetables are 31.56% higher in 2023 versus 2016 (a $6.31 difference in value).

Between 2016 and 2023: Canned fruits and vegetables experienced an average inflation rate of 4% per year. This rate of change indicates significant inflation. In other words, canned fruits and vegetables costing $20 in the year 2016 would cost $26.31 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for canned fruits and vegetables was higher.

In the year 2016: Pricing changed by -0.45%, which is significantly below the average yearly change for canned fruits and vegetables during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for canned fruits and vegetables was lower.

Price Inflation for Canned fruits and vegetables since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (13.86%), 2008 (11.65%), and 2009 (8.55%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Canned fruits and vegetables, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	-0.45%
2017	$19.53	-2.34%
2018	$19.60	0.34%
2019	$20.21	3.14%
2020	$20.81	2.97%
2021	$21.58	3.66%
2022	$24.57	13.86%
2023	$26.31	7.10%*

* 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 Canned fruits and vegetables:

Year	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
CPI	100.000	102.500	104.923	105.423	108.262	112.185	113.177	113.892	118.162	121.785	125.503	140.125	152.111	150.053	153.616	158.503	160.569	162.201	162.729	162.001	158.205	158.747	163.739	168.595	174.769	198.996	213.131

Adjust canned fruits and vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Canned fruits and vegetables was 162.001 in the year 2016 and 213.131 in 2023:

213.131 / 162.001 * $20 = $26.31

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.31 in 2023 (in the CPI category of Canned fruits and vegetables).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Canned fruits and vegetables in 1997. In addition to canned fruits and vegetables, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.