Frozen vegetables priced at $20 in 1978 $75.86 in 2023

Frozen Vegetables Inflation Calculator

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Prices for Frozen Vegetables, 1978-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen vegetables are 279.28% higher in 2023 versus 1978 (a $55.86 difference in value).

Between 1978 and 2023: Frozen vegetables experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, frozen vegetables costing $20 in the year 1978 would cost $75.86 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.46% during this same period, inflation for frozen vegetables was lower.

In the year 1978: Pricing changed by 3.54%, which is above the average yearly change for frozen vegetables during the 1978-2023 time period. Compared to inflation for all items in 1978 (7.63%), inflation for frozen vegetables was much lower.

Price Inflation for Frozen vegetables since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (13.01%), 1981 (12.66%), and 2022 (10.99%).

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Buying power of $20.00 since 1978

Below are calculations of equivalent buying power for Frozen vegetables, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20.003.54%
1979$20.984.90%
1980$22.617.77%
1981$25.4712.66%
1982$28.1010.31%
1983$29.234.03%
1984$30.072.89%
1985$31.143.53%
1986$31.380.77%
1987$32.192.59%
1988$32.912.23%
1989$35.688.42%
1990$37.114.01%
1991$37.751.72%
1992$38.141.04%
1993$38.902.00%
1994$40.453.99%
1995$41.001.36%
1996$41.872.12%
1997$43.143.02%
1998$44.052.12%
1999$44.801.69%
2000$45.952.56%
2001$48.495.54%
2002$49.842.77%
2003$50.260.85%
2004$51.211.89%
2005$51.791.14%
2006$52.190.77%
2007$52.660.90%
2008$55.545.47%
2009$57.413.37%
2010$56.57-1.47%
2011$58.092.69%
2012$60.393.97%
2013$59.57-1.36%
2014$58.78-1.34%
2015$58.990.35%
2016$59.080.16%
2017$59.260.30%
2018$57.87-2.35%
2019$57.970.17%
2020$60.143.75%
2021$60.480.56%
2022$67.1210.99%
2023$75.8613.01%*

* 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 vegetables:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI66.30068.64672.00877.60087.42396.438100.323103.223106.869107.692110.485112.954122.469127.377129.562130.915133.531138.854140.738143.715148.062151.208153.762157.700166.438171.054172.500175.762177.762179.138180.755190.638197.057194.151199.377207.290204.477201.747202.455202.787203.388198.614198.959206.422207.581230.388260.361

Adjust frozen vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1978 * 1978 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Frozen vegetables was 68.646 in the year 1978 and 260.361 in 2023:

260.361 / 68.646 * $20 = $75.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $75.86 in 2023 (in the CPI category of Frozen vegetables).


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

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