According to the U.S. Bureau of Labor Statistics, prices for canned vegetables are 34.24% higher in 2023 versus 2016 (a $6.85 difference in value).
Between 2016 and 2023: Canned vegetables experienced an average inflation rate of 4.30% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2016 would cost $26.85 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for canned vegetables was higher.
In the year 2016: Pricing changed by -0.82%, which is significantly below the average yearly change for canned vegetables during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for canned vegetables was lower.
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% |
| 2021 | $22.10 | 4.65% |
| 2022 | $25.14 | 13.74% |
| 2023 | $26.85 | 6.79%* |
* 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 | 227.591 |