Frozen noncarbonated juices and drinks priced at $20 in 1998 $51.95 in 2024

Frozen Noncarbonated Juices And Drinks Inflation Calculator

$

Prices for Frozen Noncarbonated Juices And Drinks, 1998-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen noncarbonated juices and drinks are 159.75% higher in 2024 versus 1998 (a $31.95 difference in value).

Between 1998 and 2024: Frozen noncarbonated juices and drinks experienced an average inflation rate of 3.74% per year. This rate of change indicates significant inflation. In other words, frozen noncarbonated juices and drinks costing $20 in the year 1998 would cost $51.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for frozen noncarbonated juices and drinks was higher.

In the year 1998: Pricing changed by 1.55%, which is below the average yearly change for frozen noncarbonated juices and drinks during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for frozen noncarbonated juices and drinks was higher.

Price Inflation for Frozen noncarbonated juices and drinks since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2024 (19.45%), 2023 (15.98%), and 2007 (15.67%).

View price changes for other categories
Fresh fruits · Rent of primary residence · Public transportation · Wine at home · More

Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Frozen noncarbonated juices and drinks, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.001.55%
1999$20.904.51%
2000$21.452.60%
2001$22.042.78%
2002$22.160.52%
2003$22.792.86%
2004$22.31-2.10%
2005$22.13-0.82%
2006$23.586.55%
2007$27.2715.67%
2008$28.905.95%
2009$29.642.58%
2010$29.28-1.24%
2011$31.517.65%
2012$33.255.52%
2013$33.530.84%
2014$34.011.41%
2015$34.812.37%
2016$34.850.11%
2017$35.531.95%
2018$35.600.20%
2019$35.36-0.69%
2020$35.18-0.50%
2021$35.500.89%
2022$37.505.64%
2023$43.4915.98%
2024$51.9519.45%*

* 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 noncarbonated juices and drinks:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.554106.131108.892111.923112.500115.723113.292112.362119.723138.490146.732150.516148.652160.021168.851170.268172.667176.763176.965180.422180.785179.530178.641180.239190.401220.837263.787

Adjust frozen noncarbonated juices and drinks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frozen noncarbonated juices and drinks was 101.554 in the year 1998 and 263.787 in 2024:

263.787 / 101.554 * $20 = $51.95

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $51.95 in 2024 (in the CPI category of Frozen noncarbonated juices and drinks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Frozen noncarbonated juices and drinks in 1997. In addition to frozen noncarbonated juices and drinks, 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.