According to the U.S. Bureau of Labor Statistics, prices for canned vegetables were 12.29% higher in 2021 versus 2017 (a $2.46 difference in value).
Between 2017 and 2021: Canned vegetables experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2017 would cost $22.46 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.98% during this same period, inflation for canned vegetables was higher.
In the year 2017: Pricing changed by -2.92%, which is significantly below the average yearly change for canned vegetables during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for canned vegetables was much lower.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|