Frozen fruits and vegetables priced at $20 in 2020 $24.90 in 2024

Frozen Fruits And Vegetables Inflation Calculator

$

Prices for Frozen Fruits And Vegetables, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen fruits and vegetables are 24.50% higher in 2024 versus 2020 (a $4.90 difference in value).

Between 2020 and 2024: Frozen fruits and vegetables experienced an average inflation rate of 5.63% per year. This rate of change indicates significant inflation. In other words, frozen fruits and vegetables costing $20 in the year 2020 would cost $24.90 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.65% during this same period, inflation for frozen fruits and vegetables was higher.

In the year 2020: Pricing changed by 4.24%, which is below the average yearly change for frozen fruits and vegetables during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for frozen fruits and vegetables was much 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: 2022 (10.64%), 2023 (10.48%), and 2008 (5.89%).

View price changes for other categories
New York · Wine at home · Boston, Massachusetts · College tuition and fees · More

Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Frozen fruits and vegetables, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2020$20.004.24%
2021$20.472.35%
2022$22.6510.64%
2023$25.0210.48%
2024$24.90-0.48%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000102.608104.954107.515112.892116.523117.600119.862121.115124.785128.753136.335141.370138.378143.812149.939148.576146.787147.839148.549148.651145.574143.954150.061153.587169.926187.730186.821

Adjust frozen fruits and vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frozen fruits and vegetables was 150.061 in the year 2020 and 186.821 in 2024:

186.821 / 150.061 * $20 = $24.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $24.90 in 2024 (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.

» Read more about inflation and investment.