According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 18.13% higher in 2022 versus 2019 (a $0.91 difference in value).
Between 2019 and 2022: Beans experienced an average inflation rate of 5.71% per year. This rate of change indicates significant inflation. In other words, beans costing $5 in the year 2019 would cost $5.91 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.09% during this same period, inflation for beans was higher.
In the year 2019: Pricing changed by -4.48%, which is significantly below the average yearly change for beans during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), inflation for beans was much lower.
Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Dried beans, peas, and lentils: