Fresh vegetables priced at $0.76 in 1948 → $13.98 in 2024

Fresh Vegetables Inflation Calculator

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Prices for Fresh Vegetables, 1948-2024 ($0.76)

According to the U.S. Bureau of Labor Statistics, prices for fresh vegetables are 1,739.19% higher in 2024 versus 1948 (a $13.22 difference in value).

The current national average price is $0.76 for "Carrots, short trimmed and topped, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 1948 and 2024: Fresh vegetables experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, fresh vegetables costing $0.76 in the year 1948 would cost $13.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for fresh vegetables was higher.

In the year 1948: Pricing changed by 9.44%, which is significantly above the average yearly change for fresh vegetables during the 1948-2024 time period. Compared to inflation for all items in 1948 (7.72%), inflation for fresh vegetables was higher.

Price Inflation for Fresh vegetables since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (22.13%), 1952 (20.12%), and 1981 (18.64%).

Price history

The average price for Fresh vegetables 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 Carrots, short trimmed and topped, per lb. (453.6 gm):

YearAverage price (Fresh vegetables)Inflation adjusted price (2024 dollars)
2014$0.76$0.76
2013$0.75$0.74
2012$0.76$0.78
2011$0.76$0.74
2010$0.79$0.82
2009$0.79$0.84
2008$0.79$0.81
2007$0.77$0.83
2006$0.56$0.62
2005$0.56$0.65
2004$0.56$0.68
2003$0.56$0.71
2002$0.56$0.72
2001$0.56$0.77
2000$0.56$0.81
1999$0.56$0.85
1998$0.56$0.82
1997$0.51$0.83
1996$0.51$0.86
1995$0.53$0.87
1994$0.44$0.81
1993$0.43$0.81
1992$0.47$0.93
1991$0.45$0.92
1990$0.39$0.81
1989$0.40$0.88
1988$0.38$0.93
1987$0.36$0.93
1986$0.38$1.12
1985$0.36$1.10
1984$0.39$1.15
1983$0.37$1.19
1982$0.36$1.20
1981$0.37$1.24
1980$0.33$1.33
View price changes for other categories
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Buying power of $0.76 since 1948

Below are calculations of equivalent buying power for Fresh vegetables, over time, for $0.76 beginning in 1948. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1948$0.769.44%
1949$0.75-0.86%
1950$0.72-4.16%
1951$0.8314.71%
1952$1.0020.12%
1953$0.86-13.32%
1954$0.82-4.91%
1955$0.876.20%
1956$0.958.92%
1957$0.92-2.89%
1958$0.986.13%
1959$0.96-1.36%
1960$0.993.08%
1961$0.94-5.54%
1962$0.994.96%
1963$1.001.09%
1964$1.1312.99%
1965$1.217.33%
1966$1.21-0.21%
1967$1.20-0.68%
1968$1.286.63%
1969$1.355.69%
1970$1.457.22%
1971$1.482.56%
1972$1.586.15%
1973$1.9222.13%
1974$2.067.24%
1975$2.04-1.11%
1976$2.134.47%
1977$2.4012.58%
1978$2.597.94%
1979$2.672.89%
1980$2.908.86%
1981$3.4418.64%
1982$3.460.50%
1983$3.583.63%
1984$3.9710.88%
1985$3.80-4.34%
1986$3.964.06%
1987$4.4712.85%
1988$4.756.33%
1989$5.2610.70%
1990$5.555.61%
1991$5.672.14%
1992$5.802.31%
1993$6.196.65%
1994$6.332.30%
1995$7.0912.06%
1996$6.95-2.01%
1997$7.152.83%
1998$7.9310.90%
1999$7.69-3.02%
2000$8.064.84%
2001$8.475.11%
2002$9.016.41%
2003$9.202.08%
2004$9.594.27%
2005$9.984.03%
2006$10.444.63%
2007$10.783.22%
2008$11.385.57%
2009$10.99-3.38%
2010$11.222.04%
2011$11.855.58%
2012$11.24-5.09%
2013$11.774.70%
2014$11.62-1.30%
2015$11.811.61%
2016$11.810.01%
2017$11.79-0.11%
2018$11.931.13%
2019$12.383.80%
2020$12.702.58%
2021$12.841.13%
2022$13.747.01%
2023$13.860.85%
2024$13.980.84%*

* 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 vegetables:

Year194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI18.90820.69220.51519.66222.55427.09223.48522.33123.71525.83125.08526.62326.26227.06925.56926.83827.13130.65432.90032.83132.60834.76936.74639.40040.40842.89252.38556.17755.55458.03865.33870.52372.56278.99293.71594.18597.600108.215103.515107.723121.569129.262143.092151.123154.362157.931168.431172.308193.092189.215194.577215.785209.277219.400230.615245.408250.508261.215271.738284.323293.468309.810299.349305.469322.528306.121320.501316.325321.414321.462321.122324.747337.099345.784349.708374.226377.413380.570

Adjust fresh vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1948 * 1948 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh vegetables was 20.692 in the year 1948 and 380.570 in 2024:

380.570 / 20.692 * $0.76 = $13.98

Therefore, according to U.S. Bureau of Labor Statistics, $0.76 in 1948 has the same "purchasing power" as $13.98 in 2024 (in the CPI category of Fresh vegetables).

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

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