Citrus fruits price inflation, 1997→2023

Citrus Fruits Inflation Calculator

Prices for Citrus Fruits, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for citrus fruits are 192.96% higher in 2023 versus 1997 (a $38.59 difference in value).

Between 1997 and 2023: Citrus fruits experienced an average inflation rate of 4.22% per year. This rate of change indicates significant inflation. In other words, citrus fruits costing $20 in the year 1997 would cost $58.59 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for citrus fruits was higher.

Price Inflation for Citrus fruits since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1998 (28.08%), 1999 (24.12%), and 2000 (-14.63%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Citrus fruits, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$25.62	28.08%
1999	$31.79	24.12%
2000	$27.14	-14.63%
2001	$28.40	4.63%
2002	$30.07	5.88%
2003	$30.49	1.41%
2004	$32.43	6.34%
2005	$35.74	10.23%
2006	$39.54	10.62%
2007	$43.52	10.06%
2008	$42.25	-2.92%
2009	$39.76	-5.88%
2010	$40.79	2.59%
2011	$42.35	3.82%
2012	$41.70	-1.54%
2013	$43.02	3.18%
2014	$47.72	10.92%
2015	$46.81	-1.91%
2016	$48.05	2.65%
2017	$50.29	4.65%
2018	$53.26	5.91%
2019	$51.51	-3.27%
2020	$50.51	-1.95%
2021	$53.73	6.37%
2022	$59.95	11.58%
2023	$58.59	-2.27%*

* 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 Citrus fruits:

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	128.077	158.969	135.708	141.992	150.338	152.462	162.131	178.723	197.700	217.583	211.230	198.806	203.959	211.751	208.479	215.112	238.610	234.064	240.264	251.429	266.277	257.567	252.551	268.649	299.766	292.960

Adjust citrus fruits prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Citrus fruits was 100.000 in the year 1997 and 292.960 in 2023:

292.960 / 100.000 * $20 = $58.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $58.59 in 2023 (in the CPI category of Citrus fruits).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Citrus fruits in 1997. In addition to citrus fruits, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.