Fresh fish and seafood price inflation, 2016→2024

Fresh Fish And Seafood Inflation Calculator

Prices for Fresh Fish And Seafood, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh fish and seafood are 25.14% higher in 2024 versus 2016 (a $5.03 difference in value).

Between 2016 and 2024: Fresh fish and seafood experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, fresh fish and seafood costing $20 in the year 2016 would cost $25.03 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for fresh fish and seafood was lower.

In the year 2016: Pricing changed by 0.95%, which is below the average yearly change for fresh fish and seafood during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fresh fish and seafood was lower.

Price Inflation for Fresh fish and seafood since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (9.23%), 2011 (8.49%), and 2014 (7.36%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Fresh fish and seafood, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	0.95%
2017	$20.26	1.30%
2018	$20.86	2.95%
2019	$21.20	1.62%
2020	$22.02	3.89%
2021	$23.57	7.05%
2022	$25.75	9.23%
2023	$25.55	-0.77%
2024	$25.03	-2.04%*

* 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 Fresh fish and seafood:

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	102.854	105.554	110.869	111.331	107.423	108.792	112.485	116.254	124.054	131.343	139.028	140.486	144.538	156.815	157.981	163.165	175.168	173.640	175.296	177.572	182.813	185.778	193.007	206.614	225.682	223.940	219.362

Adjust fresh fish and seafood 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 Fresh fish and seafood was 175.296 in the year 2016 and 219.362 in 2024:

219.362 / 175.296 * $20 = $25.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $25.03 in 2024 (in the CPI category of Fresh fish and seafood).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh fish and seafood in 1997. In addition to fresh fish and seafood, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.