Frozen vegetables priced at $20 in 2012 $25.63 in 2023

Frozen Vegetables Inflation Calculator

$

Prices for Frozen Vegetables, 2012-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen vegetables are 28.15% higher in 2023 versus 2012 (a $5.63 difference in value).

Between 2012 and 2023: Frozen vegetables experienced an average inflation rate of 2.28% per year. This rate of change indicates significant inflation. In other words, frozen vegetables costing $20 in the year 2012 would cost $25.63 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.59% during this same period, inflation for frozen vegetables was lower.

In the year 2012: Pricing changed by 3.97%, which is above the average yearly change for frozen vegetables during the 2012-2023 time period. Compared to inflation for all items in 2012 (2.07%), inflation for frozen vegetables was higher.

Price Inflation for Frozen vegetables since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (15.30%), 1981 (12.66%), and 2022 (10.99%).

View price changes for other categories
Bananas · Legal services · Educational books and supplies · Dallas-Fort Worth, Texas · More

Buying power of $20.00 since 2012

Below are calculations of equivalent buying power for Frozen vegetables, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2012$20.003.97%
2013$19.73-1.36%
2014$19.47-1.34%
2015$19.530.35%
2016$19.570.16%
2017$19.620.30%
2018$19.16-2.35%
2019$19.200.17%
2020$19.923.75%
2021$20.030.56%
2022$22.2310.99%
2023$25.6315.30%*

* 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
CPI66.30068.64672.00877.60087.42396.438100.323103.223106.869107.692110.485112.954122.469127.377129.562130.915133.531138.854140.738143.715148.062151.208153.762157.700166.438171.054172.500175.762177.762179.138180.755190.638197.057194.151199.377207.290204.477201.747202.455202.787203.388198.614198.959206.422207.581230.388265.637

Adjust frozen vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2012 * 2012 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Frozen vegetables was 207.290 in the year 2012 and 265.637 in 2023:

265.637 / 207.290 * $20 = $25.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2012 has the same "purchasing power" as $25.63 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.

» Read more about inflation and investment.