Canned vegetables priced at $20 in 2021 $24.29 in 2023

Canned Vegetables Inflation Calculator


Prices for Canned Vegetables, 2021-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for canned vegetables are 21.46% higher in 2023 versus 2021 (a $4.29 difference in value).

Between 2021 and 2023: Canned vegetables experienced an average inflation rate of 10.21% per year. This rate of change indicates significant inflation. In other words, canned vegetables costing $20 in the year 2021 would cost $24.29 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.97% during this same period, inflation for canned vegetables was significantly higher.

In the year 2021: Pricing changed by 4.65%, which is significantly below the average yearly change for canned vegetables during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for canned vegetables was lower.

Price Inflation for Canned vegetables since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (13.74%), 2008 (13.50%), and 2009 (10.50%).

View price changes for other categories
Educational books and supplies · Denver, Colorado · Bananas · Seattle, Washington · More

Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Canned vegetables, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust canned vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Canned vegetables was 187.382 in the year 2021 and 227.591 in 2023:

227.591 / 187.382 * $20 = $24.29

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $24.29 in 2023 (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.