According to the U.S. Bureau of Labor Statistics, prices for canned vegetables were 4.15% higher in 2020 versus 2014 (a $0.83 difference in value).
Between 2014 and 2020: Canned vegetables experienced an average inflation rate of 0.68% per year. In other words, canned vegetables costing $20 in the year 2014 would cost $20.83 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for canned vegetables was lower.
In the year 2014: Pricing changed by 1.94%, which is above the average yearly change for canned vegetables during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for canned vegetables was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Canned vegetables:
Below are calculations of equivalent buying power for Canned vegetables, 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|