Beans priced at $5 in 2014 $5.55 in 2023

Beans Inflation Calculator


Prices for Beans, 2014-2023 ($5)

According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 11.01% higher in 2023 versus 2014 (a $0.55 difference in value).

Between 2014 and 2023: Beans experienced an average inflation rate of 1.17% per year. In other words, beans costing $5 in the year 2014 would cost $5.55 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation for beans was lower.

In the year 2014: Pricing changed by 2.96%, which is above the average yearly change for beans during the 2014-2023 time period. Compared to inflation for all items in 2014 (1.62%), inflation for beans was 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 2014

Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2014. 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 2023 / CPI in 2014 * 2014 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Dried beans, peas, and lentils was 199.304 in the year 2014 and 221.251 in 2023:

221.251 / 199.304 * $5 = $5.55

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2014 has the same "purchasing power" as $5.55 in 2023 (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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