Canned vegetables price inflation, 2003→2023

Canned Vegetables Inflation Calculator

Prices for Canned Vegetables, 2003-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for canned vegetables are 95.14% higher in 2023 versus 2003 (a $19.03 difference in value).

Between 2003 and 2023: Canned vegetables experienced an average inflation rate of 3.40% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2003 would cost $39.03 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for canned vegetables was higher.

In the year 2003: Pricing changed by 0.01%, which is significantly below the average yearly change for canned vegetables during the 2003-2023 time period. Compared to inflation for all items in 2003 (2.27%), inflation for canned vegetables was lower.

Price Inflation for Canned vegetables since 1997

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

Years with the largest changes in pricing: 2022 (13.74%), 2008 (13.50%), and 2009 (10.50%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Canned vegetables, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2003	$20.00	0.01%
2004	$20.20	1.02%
2005	$21.09	4.40%
2006	$21.74	3.07%
2007	$22.37	2.91%
2008	$25.39	13.50%
2009	$28.06	10.50%
2010	$27.67	-1.37%
2011	$28.15	1.71%
2012	$29.04	3.19%
2013	$29.13	0.30%
2014	$29.70	1.94%
2015	$29.53	-0.57%
2016	$29.28	-0.82%
2017	$28.43	-2.92%
2018	$28.83	1.41%
2019	$29.92	3.78%
2020	$30.93	3.37%
2021	$32.37	4.65%
2022	$36.81	13.74%
2023	$39.03	6.02%*

* 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 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	103.754	105.923	106.777	110.831	115.777	115.792	116.969	122.115	125.869	129.530	147.013	162.448	160.223	162.958	168.149	168.652	171.924	170.942	169.540	164.587	166.912	173.224	179.056	187.382	213.128	225.954

Adjust canned vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2003 * 2003 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Canned vegetables was 115.792 in the year 2003 and 225.954 in 2023:

225.954 / 115.792 * $20 = $39.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $39.03 in 2023 (in the CPI category of Canned vegetables).

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