According to the U.S. Bureau of Labor Statistics, prices for canned vegetables were 3.49% higher in 2021 versus 2020 (a $0.70 difference in value).
Between 2020 and 2021: Canned vegetables experienced an average inflation rate of 3.49% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2020 would cost $20.70 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.87% during this same period, inflation for canned vegetables was higher.
In the year 2020: Pricing changed by 3.37%, which is below the average yearly change for canned vegetables during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|