Beans priced at $5 in 2007 $8.50 in 2024

Beans Inflation Calculator


Prices for Beans, 2007-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 70.05% higher in 2024 versus 2007 (a $3.50 difference in value).

Between 2007 and 2024: Beans experienced an average inflation rate of 3.17% per year. This rate of change indicates significant inflation. In other words, beans costing $5 in the year 2007 would cost $8.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for beans was higher.

In the year 2007: Pricing changed by 10.64%, which is significantly above the average yearly change for beans during the 2007-2024 time period. Compared to inflation for all items in 2007 (2.85%), inflation for beans was much higher.

Price Inflation for Dried beans, peas, and lentils since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (20.01%), 2009 (11.39%), and 2012 (11.27%).

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Buying power of $5.00 since 2007

Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust beans prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2007 * 2007 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dried beans, peas, and lentils was 132.481 in the year 2007 and 225.285 in 2024:

225.285 / 132.481 * $5 = $8.50

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2007 has the same "purchasing power" as $8.50 in 2024 (in the CPI category of Dried beans, peas, and lentils).

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

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