According to the U.S. Bureau of Labor Statistics, prices for canned fruits and vegetables are 20.28% higher in 2022 versus 2018 (a $4.06 difference in value).
Between 2018 and 2022: Canned fruits and vegetables experienced an average inflation rate of 4.73% per year. This rate of change indicates significant inflation. In other words, canned fruits and vegetables costing $20 in the year 2018 would cost $24.06 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for canned fruits and vegetables was higher.
In the year 2018: Pricing changed by 0.34%, which is significantly below the average yearly change for canned fruits and vegetables during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for canned fruits and vegetables was lower.
Below are calculations of equivalent buying power for Canned fruits and vegetables, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Canned fruits and vegetables: