According to the U.S. Bureau of Labor Statistics, prices for canned fruits are 18.06% higher in 2022 versus 2014 (a $3.61 difference in value).
Between 2014 and 2022: Canned fruits experienced an average inflation rate of 2.10% per year. This rate of change indicates significant inflation. In other words, canned fruits costing $20 in the year 2014 would cost $23.61 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for canned fruits was lower.
In the year 2014: Pricing changed by -0.31%, which is below the average yearly change for canned fruits during the 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), inflation for canned fruits was lower.
Below are calculations of equivalent buying power for Canned fruits, over time, for $20 beginning in 2014. 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: