Fresh fruits priced at $1 in 1970 $11.47 in 2023

Fresh Fruits Inflation Calculator

$

Prices for Fresh Fruits, 1970-2023 ($1)

According to the U.S. Bureau of Labor Statistics, prices for fresh fruits are 1,046.63% higher in 2023 versus 1970 (a $10.47 difference in value).

The current national average price is $0.94 for "Peaches, any variety, all sizes, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 1970 and 2023: Fresh fruits experienced an average inflation rate of 4.71% per year. This rate of change indicates significant inflation. In other words, fresh fruits costing $1 in the year 1970 would cost $11.47 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.96% during this same period, inflation for fresh fruits was higher.

In the year 1970: Pricing changed by 1.27%, which is significantly below the average yearly change for fresh fruits during the 1970-2023 time period. Compared to inflation for all items in 1970 (5.83%), inflation for fresh fruits was much lower.

Price Inflation for Fresh fruits since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1978 (19.45%), 1977 (15.04%), and 1991 (13.46%).

Price history

The average price for Fresh fruits is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Peaches, any variety, all sizes, per lb. (453.6 gm):

YearAverage price (Fresh fruits)Inflation adjusted price (2023 dollars)
1997$0.95$0.95
1996$0.91$0.92
1995$0.88$0.94

View price changes for other categories
Parking fees and tolls · Bread · Bananas · Legal services · More

Buying power of $1.00 since 1970

Below are calculations of equivalent buying power for Fresh fruits, over time, for $1 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1.001.27%
1971$1.066.08%
1972$1.125.46%
1973$1.2511.96%
1974$1.368.72%
1975$1.456.83%
1976$1.45-0.16%
1977$1.6715.04%
1978$2.0019.45%
1979$2.2412.42%
1980$2.386.20%
1981$2.515.43%
1982$2.7911.14%
1983$2.67-4.25%
1984$2.9711.04%
1985$3.2710.11%
1986$3.342.05%
1987$3.7111.26%
1988$4.028.30%
1989$4.286.57%
1990$4.8012.16%
1991$5.4513.46%
1992$5.18-5.01%
1993$5.312.51%
1994$5.656.57%
1995$6.158.83%
1996$6.597.07%
1997$6.640.80%
1998$6.934.32%
1999$7.488.01%
2000$7.26-2.98%
2001$7.452.61%
2002$7.601.94%
2003$7.853.29%
2004$8.062.75%
2005$8.363.70%
2006$8.865.97%
2007$9.264.54%
2008$9.714.83%
2009$9.12-6.09%
2010$9.06-0.63%
2011$9.363.34%
2012$9.461.05%
2013$9.651.96%
2014$10.114.83%
2015$9.89-2.16%
2016$10.112.23%
2017$10.160.46%
2018$10.271.04%
2019$10.12-1.40%
2020$10.04-0.84%
2021$10.585.45%
2022$11.427.91%
2023$11.470.40%*

* 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 fruits:

Year19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI21.84621.85423.77722.31521.68523.72323.96924.10023.73824.46225.48527.53125.48527.73828.24628.53831.43831.66930.31531.69232.12336.31535.13135.57737.73839.80044.56248.44651.75451.66959.43871.00079.81584.76289.36299.31595.092105.592116.269118.654132.015142.969152.362170.885193.885184.162188.777201.185218.954234.423236.300246.508266.262258.338265.085270.238279.123286.808297.431315.185329.506345.416324.364322.329333.091336.575343.162359.733351.961359.798361.436365.203360.081357.058376.522406.309407.937

Adjust fresh fruits prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1970 * 1970 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Fresh fruits was 35.577 in the year 1970 and 407.937 in 2023:

407.937 / 35.577 * $1 = $11.47

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1970 has the same "purchasing power" as $11.47 in 2023 (in the CPI category of Fresh fruits).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh fruits in 1947. In addition to fresh fruits, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.