According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 93.62% higher in 2022 versus 2004 (a $4.68 difference in value).
Between 2004 and 2022: Beans experienced an average inflation rate of 3.74% per year. This rate of change indicates significant inflation. In other words, beans costing $5 in the year 2004 would cost $9.68 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation for beans was higher.
In the year 2004: Pricing changed by 1.13%, which is below the average yearly change for beans during the 2004-2022 time period. Compared to inflation for all items in 2004 (2.68%), inflation for beans was lower.
Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2004 | $5.00 | 1.13% |
| 2005 | $5.32 | 6.49% |
| 2006 | $5.42 | 1.85% |
| 2007 | $6.00 | 10.64% |
| 2008 | $7.20 | 20.01% |
| 2009 | $8.02 | 11.39% |
| 2010 | $7.85 | -2.15% |
| 2011 | $8.07 | 2.86% |
| 2012 | $8.98 | 11.27% |
| 2013 | $8.77 | -2.41% |
| 2014 | $9.03 | 2.96% |
| 2015 | $9.33 | 3.31% |
| 2016 | $9.17 | -1.62% |
| 2017 | $8.83 | -3.74% |
| 2018 | $8.58 | -2.85% |
| 2019 | $8.20 | -4.48% |
| 2020 | $8.59 | 4.87% |
| 2021 | $8.93 | 3.90% |
| 2022 | $9.68 | 8.42%* |
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 |
| 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 | 213.746 |