Canned vegetables priced at $20 in 2020 $20.48 in 2021

Canned Vegetables Inflation Calculator

$

Prices for Canned Vegetables, 2020-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for canned vegetables were 2.42% higher in 2021 versus 2020 (a $0.48 difference in value).

Between 2020 and 2021: Canned vegetables experienced an average inflation rate of 2.42% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2020 would cost $20.48 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.07% during this same period, inflation for canned vegetables was higher.

In the year 2020: Pricing changed by 3.37%, which is above 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.

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 2021
CPI 100.000 103.754 105.923 106.777 110.831 115.777 115.792 116.969 122.115 125.869 129.530 147.013 162.448 160.223 162.958 168.149 168.652 171.924 170.942 169.540 164.587 166.912 173.224 179.056 183.386

View price changes for other categories
Medical care · Fish and seafood · Denver, Colorado · Dallas-Fort Worth, Texas · More

Buying power of $20 since 2020

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
2020 $20.00 3.37%
2021 $20.48 2.42%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for canned vegetables, 2020-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2020 * 2020 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Canned vegetables was 179.056 in the year 2020 and 183.386 in 2021:

183.386 / 179.056 * $20 = $20.48

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $20.48 in 2021 (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.

» Read more about inflation and investment.