Frozen noncarbonated juices and drinks price inflation, 2023→2024

Frozen Noncarbonated Juices And Drinks Inflation Calculator

Prices for Frozen Noncarbonated Juices And Drinks, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen noncarbonated juices and drinks are 20.18% higher in 2024 versus 2023 (a $4.04 difference in value).

Between 2023 and 2024: Frozen noncarbonated juices and drinks experienced an average inflation rate of 20.18% per year. This rate of change indicates significant inflation. In other words, frozen noncarbonated juices and drinks costing $20 in the year 2023 would cost $24.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for frozen noncarbonated juices and drinks was significantly higher.

In the year 2023: Pricing changed by 15.98%, which is significantly below the average yearly change for frozen noncarbonated juices and drinks during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for frozen noncarbonated juices and drinks was much 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 (20.18%), 2023 (15.98%), and 2007 (15.67%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Frozen noncarbonated juices and drinks, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	15.98%
2024	$24.04	20.18%*

* 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:

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	2024
CPI	100.000	101.554	106.131	108.892	111.923	112.500	115.723	113.292	112.362	119.723	138.490	146.732	150.516	148.652	160.021	168.851	170.268	172.667	176.763	176.965	180.422	180.785	179.530	178.641	180.239	190.401	220.837	265.399

Adjust frozen noncarbonated juices and drinks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frozen noncarbonated juices and drinks was 220.837 in the year 2023 and 265.399 in 2024:

265.399 / 220.837 * $20 = $24.04

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $24.04 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.