Beans priced at $5 in 2018 $5.84 in 2023

Beans Inflation Calculator

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Prices for Beans, 2018-2023 ($5)

According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 16.78% higher in 2023 versus 2018 (a $0.84 difference in value).

Between 2018 and 2023: Beans experienced an average inflation rate of 3.15% per year. This rate of change indicates significant inflation. In other words, beans costing $5 in the year 2018 would cost $5.84 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for beans was lower.

In the year 2018: Pricing changed by -2.85%, which is significantly below the average yearly change for beans during the 2018-2023 time period. Compared to inflation for all items in 2018 (2.44%), inflation for beans was much 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 2018

Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2018$5.00-2.85%
2019$4.78-4.48%
2020$5.014.87%
2021$5.203.90%
2022$5.7310.15%
2023$5.841.87%*

* 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:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000100.338101.00899.31599.877109.438109.154110.392117.562119.738132.481158.993177.103173.303178.267198.365193.582199.304205.900202.567194.996189.439180.943189.757197.154217.174221.234

Adjust beans prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2018 * 2018 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Dried beans, peas, and lentils was 189.439 in the year 2018 and 221.234 in 2023:

221.234 / 189.439 * $5 = $5.84

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2018 has the same "purchasing power" as $5.84 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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