According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils were 71.89% higher in 2020 versus 2004 (a $14.38 difference in value).
Between 2004 and 2020: Dried beans, peas, and lentils experienced an average inflation rate of 3.44% per year. This rate of change indicates significant inflation. In other words, dried beans, peas, and lentils costing $20 in the year 2004 would cost $34.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.99% during this same period, inflation for dried beans, peas, and lentils was higher.
In the year 2004: Pricing changed by 1.13%, which is below the average yearly change for dried beans, peas, and lentils during the 2004-2020 time period. Compared to inflation for all items in 2004 (2.68%), inflation for dried beans, peas, and lentils was lower.
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 |
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 |
Below are calculations of equivalent buying power for Dried beans, peas, and lentils, over time, for $20 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 | $20.00 | 1.13% |
2005 | $21.30 | 6.49% |
2006 | $21.69 | 1.85% |
2007 | $24.00 | 10.64% |
2008 | $28.81 | 20.01% |
2009 | $32.09 | 11.39% |
2010 | $31.40 | -2.15% |
2011 | $32.30 | 2.86% |
2012 | $35.94 | 11.27% |
2013 | $35.07 | -2.41% |
2014 | $36.11 | 2.96% |
2015 | $37.30 | 3.31% |
2016 | $36.70 | -1.62% |
2017 | $35.33 | -3.74% |
2018 | $34.32 | -2.85% |
2019 | $32.78 | -4.48% |
2020 | $34.38 | 4.87%* |