According to the U.S. Bureau of Labor Statistics, prices for canned vegetables were 58.37% higher in 2021 versus 2003 (a $11.67 difference in value).
Between 2003 and 2021: Canned vegetables experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2003 would cost $31.67 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.97% during this same period, inflation for canned vegetables was higher.
In the year 2003: Pricing changed by 0.01%, which is below the average yearly change for canned vegetables during the 2003-2021 time period. Compared to inflation for all items in 2003 (2.27%), inflation for canned vegetables was lower.
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 |
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 | 183.386 |
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 | $31.67 | 2.42%* |