Frozen vegetables price inflation, 2020→2023

Frozen Vegetables Inflation Calculator

Prices for Frozen Vegetables, 2020-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen vegetables are 28.69% higher in 2023 versus 2020 (a $5.74 difference in value).

Between 2020 and 2023: Frozen vegetables experienced an average inflation rate of 8.77% per year. This rate of change indicates significant inflation. In other words, frozen vegetables costing $20 in the year 2020 would cost $25.74 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for frozen vegetables was significantly higher.

In the year 2020: Pricing changed by 3.75%, which is significantly below the average yearly change for frozen vegetables during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), 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%).

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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Frozen vegetables, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	3.75%
2021	$20.11	0.56%
2022	$22.32	10.99%
2023	$25.74	15.30%*

* 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:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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
CPI	66.300	68.646	72.008	77.600	87.423	96.438	100.323	103.223	106.869	107.692	110.485	112.954	122.469	127.377	129.562	130.915	133.531	138.854	140.738	143.715	148.062	151.208	153.762	157.700	166.438	171.054	172.500	175.762	177.762	179.138	180.755	190.638	197.057	194.151	199.377	207.290	204.477	201.747	202.455	202.787	203.388	198.614	198.959	206.422	207.581	230.388	265.637

Adjust frozen vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2020 * 2020 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Frozen vegetables was 206.422 in the year 2020 and 265.637 in 2023:

265.637 / 206.422 * $20 = $25.74

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $25.74 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.