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.
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 |
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%* |