Frozen fruits and vegetables price inflation, 2002→2023

Frozen Fruits And Vegetables Inflation Calculator

Prices for Frozen Fruits And Vegetables, 2002-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen fruits and vegetables are 61.52% higher in 2023 versus 2002 (a $12.30 difference in value).

Between 2002 and 2023: Frozen fruits and vegetables experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, frozen fruits and vegetables costing $20 in the year 2002 would cost $32.30 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for frozen fruits and vegetables was lower.

In the year 2002: Pricing changed by 3.22%, which is above the average yearly change for frozen fruits and vegetables during the 2002-2023 time period. Compared to inflation for all items in 2002 (1.59%), inflation for frozen fruits and vegetables was higher.

Price Inflation for Frozen fruits and vegetables since 1997

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

Years with the largest changes in pricing: 2023 (10.76%), 2022 (10.64%), and 2008 (5.89%).

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Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Frozen fruits and vegetables, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2002	$20.00	3.22%
2003	$20.18	0.92%
2004	$20.57	1.92%
2005	$20.79	1.05%
2006	$21.42	3.03%
2007	$22.10	3.18%
2008	$23.40	5.89%
2009	$24.26	3.69%
2010	$23.75	-2.12%
2011	$24.68	3.93%
2012	$25.74	4.26%
2013	$25.50	-0.91%
2014	$25.19	-1.20%
2015	$25.38	0.72%
2016	$25.50	0.48%
2017	$25.51	0.07%
2018	$24.99	-2.07%
2019	$24.71	-1.11%
2020	$25.76	4.24%
2021	$26.36	2.35%
2022	$29.17	10.64%
2023	$32.30	10.76%*

* 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 fruits and vegetables:

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
CPI	100.000	102.608	104.954	107.515	112.892	116.523	117.600	119.862	121.115	124.785	128.753	136.335	141.370	138.378	143.812	149.939	148.576	146.787	147.839	148.549	148.651	145.574	143.954	150.061	153.587	169.926	188.213

Adjust frozen fruits and vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2002 * 2002 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Frozen fruits and vegetables was 116.523 in the year 2002 and 188.213 in 2023:

188.213 / 116.523 * $20 = $32.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $32.30 in 2023 (in the CPI category of Frozen fruits and vegetables).

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