Frozen fish and seafood price inflation, 2016→2024

Frozen Fish And Seafood Inflation Calculator

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

According to the U.S. Bureau of Labor Statistics, prices for frozen fish and seafood are 21.25% higher in 2024 versus 2016 (a $4.25 difference in value).

Between 2016 and 2024: Frozen fish and seafood experienced an average inflation rate of 2.44% per year. This rate of change indicates significant inflation. In other words, frozen fish and seafood costing $20 in the year 2016 would cost $24.25 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.34% during this same period, inflation for frozen fish and seafood was lower.

In the year 2016: Pricing changed by -4.55%, which is significantly below the average yearly change for frozen fish and seafood during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for frozen fish and seafood was much lower.

Price Inflation for Frozen fish and seafood since 1977

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

Years with the largest changes in pricing: 1986 (13.10%), 1987 (12.49%), and 1979 (11.30%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Frozen 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	-4.55%
2017	$20.31	1.54%
2018	$20.25	-0.29%
2019	$20.54	1.46%
2020	$21.14	2.92%
2021	$22.11	4.58%
2022	$24.59	11.19%
2023	$24.67	0.34%
2024	$24.25	-1.72%*

* 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 Frozen fish and seafood:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	67.500	71.100	79.131	84.100	90.638	95.808	99.031	105.146	112.900	127.685	143.631	149.215	155.208	161.415	163.800	168.669	174.538	183.600	194.062	195.992	200.723	202.533	212.800	216.238	219.269	221.685	228.154	229.092	230.715	235.531	241.375	254.251	265.929	266.686	286.800	294.642	298.514	321.167	314.423	300.114	304.732	303.838	308.280	317.290	331.837	368.964	370.236	363.877

Adjust frozen 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 Frozen fish and seafood was 300.114 in the year 2016 and 363.877 in 2024:

363.877 / 300.114 * $20 = $24.25

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.25 in 2024 (in the CPI category of Frozen fish and seafood).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Frozen fish and seafood in 1977. In addition to frozen fish and seafood, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.