Beans priced at $5 in 2016 $5.57 in 2024

Beans Inflation Calculator


Prices for Beans, 2016-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 11.34% higher in 2024 versus 2016 (a $0.57 difference in value).

Between 2016 and 2024: Beans experienced an average inflation rate of 1.35% per year. In other words, beans costing $5 in the year 2016 would cost $5.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.30% during this same period, inflation for beans was lower.

In the year 2016: Pricing changed by -1.62%, which is below the average yearly change for beans during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for beans was lower.

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 2016

Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2016. 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 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dried beans, peas, and lentils was 202.567 in the year 2016 and 225.543 in 2024:

225.543 / 202.567 * $5 = $5.57

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2016 has the same "purchasing power" as $5.57 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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