According to the U.S. Bureau of Labor Statistics, prices for canned fruits and vegetables were 6.57% higher in 2020 versus 2017 (a $1.31 difference in value).
Between 2017 and 2020: Canned fruits and vegetables experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, canned fruits and vegetables costing $20 in the year 2017 would cost $21.31 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for canned fruits and vegetables was higher.
In the year 2017: Pricing changed by -2.34%, which is significantly below the average yearly change for canned fruits and vegetables during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for canned fruits and vegetables was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Canned fruits and vegetables:
Below are calculations of equivalent buying power for Canned fruits and vegetables, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|