According to the U.S. Bureau of Labor Statistics, prices for dried beans, peas, and lentils are 2.95% higher in 2024 versus 2023 (a $0.15 difference in value).
Between 2023 and 2024: Beans experienced an average inflation rate of 2.95% per year. This rate of change indicates significant inflation. In other words, beans costing $5 in the year 2023 would cost $5.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for beans was higher.
In the year 2023: Pricing changed by 1.81%, which is below the average yearly change for beans during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for beans was lower.
Below are calculations of equivalent buying power for Beans, over time, for $5 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $5.00 | 1.81% |
| 2024 | $5.15 | 2.95%* |
* 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 100.338 | 101.008 | 99.315 | 99.877 | 109.438 | 109.154 | 110.392 | 117.562 | 119.738 | 132.481 | 158.993 | 177.103 | 173.303 | 178.267 | 198.365 | 193.582 | 199.304 | 205.900 | 202.567 | 194.996 | 189.439 | 180.943 | 189.757 | 197.154 | 217.174 | 221.108 | 227.620 |