Frozen vegetables priced at $20 in 1987 $48.14 in 2024

Frozen Vegetables Inflation Calculator

$

Prices for Frozen Vegetables, 1987-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen vegetables are 140.68% higher in 2024 versus 1987 (a $28.14 difference in value).

Between 1987 and 2024: Frozen vegetables experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, frozen vegetables costing $20 in the year 1987 would cost $48.14 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.77% during this same period, inflation for frozen vegetables was lower.

In the year 1987: Pricing changed by 2.59%, which is above the average yearly change for frozen vegetables during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), inflation for frozen vegetables was 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 (14.90%), 1981 (12.66%), and 2022 (10.99%).

View price changes for other categories
Atlanta, Georgia · Wine at home · Televisions · Dallas-Fort Worth, Texas · More

Buying power of $20.00 since 1987

Below are calculations of equivalent buying power for Frozen vegetables, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$20.002.59%
1988$20.452.23%
1989$22.178.42%
1990$23.064.01%
1991$23.451.72%
1992$23.701.04%
1993$24.172.00%
1994$25.143.99%
1995$25.481.36%
1996$26.022.12%
1997$26.803.02%
1998$27.372.12%
1999$27.831.69%
2000$28.552.56%
2001$30.135.54%
2002$30.962.77%
2003$31.230.85%
2004$31.821.89%
2005$32.181.14%
2006$32.430.77%
2007$32.720.90%
2008$34.515.47%
2009$35.673.37%
2010$35.15-1.47%
2011$36.092.69%
2012$37.523.97%
2013$37.01-1.36%
2014$36.52-1.34%
2015$36.650.35%
2016$36.710.16%
2017$36.820.30%
2018$35.95-2.35%
2019$36.020.17%
2020$37.373.75%
2021$37.580.56%
2022$41.7010.99%
2023$47.9214.90%
2024$48.140.46%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI66.30068.64672.00877.60087.42396.438100.323103.223106.869107.692110.485112.954122.469127.377129.562130.915133.531138.854140.738143.715148.062151.208153.762157.700166.438171.054172.500175.762177.762179.138180.755190.638197.057194.151199.377207.290204.477201.747202.455202.787203.388198.614198.959206.422207.581230.388264.709265.914

Adjust frozen vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1987 * 1987 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frozen vegetables was 110.485 in the year 1987 and 265.914 in 2024:

265.914 / 110.485 * $20 = $48.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $48.14 in 2024 (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.

» Read more about inflation and investment.