Canned vegetables price history from 2016 through 2020

Canned Vegetables Inflation Calculator

Prices for Canned Vegetables, 2016-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for canned vegetables were 5.61% higher in 2020 versus 2016 (a $1.12 difference in value).

Between 2016 and 2020: Canned vegetables experienced an average inflation rate of 1.37% per year. In other words, canned vegetables costing $20 in the year 2016 would cost $21.12 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for canned vegetables was lower.

In the year 2016: Pricing changed by -0.82%, which is below the average yearly change for canned vegetables during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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: 2008 (13.50%), 2009 (10.50%), and 2002 (4.46%).

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
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

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Buying power of $20 since 2016

Below are calculations of equivalent buying power for Canned vegetables, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	-0.82%
2017	$19.42	-2.92%
2018	$19.69	1.41%
2019	$20.43	3.78%
2020	$21.12	3.37%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for canned vegetables, 2016-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2016 * 2016 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Canned vegetables was 169.540 in the year 2016 and 179.056 in 2020:

179.056 / 169.540 * $20 = $21.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $21.12 in 2020 (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.