According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 110.03% higher in 2024 versus 2002 (a $5.50 difference in value).
Between 2002 and 2024: Beans experienced an average inflation rate of 3.43% per year. This rate of change indicates significant inflation. In other words, beans costing $5 in the year 2002 would cost $10.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for beans was higher.
In the year 2002: Pricing changed by 9.57%, which is significantly above the average yearly change for beans during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for beans was much higher.
Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2002 | $5.00 | 9.57% |
2003 | $4.99 | -0.26% |
2004 | $5.04 | 1.13% |
2005 | $5.37 | 6.49% |
2006 | $5.47 | 1.85% |
2007 | $6.05 | 10.64% |
2008 | $7.26 | 20.01% |
2009 | $8.09 | 11.39% |
2010 | $7.92 | -2.15% |
2011 | $8.14 | 2.86% |
2012 | $9.06 | 11.27% |
2013 | $8.84 | -2.41% |
2014 | $9.11 | 2.96% |
2015 | $9.41 | 3.31% |
2016 | $9.25 | -1.62% |
2017 | $8.91 | -3.74% |
2018 | $8.66 | -2.85% |
2019 | $8.27 | -4.48% |
2020 | $8.67 | 4.87% |
2021 | $9.01 | 3.90% |
2022 | $9.92 | 10.15% |
2023 | $10.10 | 1.81% |
2024 | $10.50 | 3.95%* |
* 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 Dried beans, peas, and lentils:
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 | 2024 |
CPI | 100.000 | 100.338 | 101.008 | 99.315 | 99.877 | 109.438 | 109.154 | 110.392 | 117.562 | 119.738 | 132.481 | 158.993 | 177.103 | 173.303 | 178.267 | 198.365 | 193.582 | 199.304 | 205.900 | 202.567 | 194.996 | 189.439 | 180.943 | 189.757 | 197.154 | 217.174 | 221.108 | 229.851 |