According to the U.S. Bureau of Labor Statistics, prices for citrus fruits are 25.97% higher in 2022 versus 2016 (a $5.19 difference in value).
Between 2016 and 2022: Citrus fruits experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, citrus fruits costing $20 in the year 2016 would cost $25.19 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for citrus fruits was higher.
In the year 2016: Pricing changed by 2.65%, which is below the average yearly change for citrus fruits during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for citrus fruits was higher.
Below are calculations of equivalent buying power for Citrus fruits, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Citrus fruits: