Frozen vegetables priced at $20 in 2021 $25.59 in 2023

Frozen Vegetables Inflation Calculator

$

Prices for Frozen Vegetables, 2021-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen vegetables are 27.97% higher in 2023 versus 2021 (a $5.59 difference in value).

Between 2021 and 2023: Frozen vegetables experienced an average inflation rate of 13.12% per year. This rate of change indicates significant inflation. In other words, frozen vegetables costing $20 in the year 2021 would cost $25.59 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.97% during this same period, inflation for frozen vegetables was significantly higher.

In the year 2021: Pricing changed by 0.56%, which is significantly below the average yearly change for frozen vegetables during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), 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 (15.30%), 1981 (12.66%), and 2022 (10.99%).

View price changes for other categories
Bananas · Fresh fruits · Housing · Food · More

Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Frozen vegetables, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2021$20.000.56%
2022$22.2010.99%
2023$25.5915.30%*

* 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 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Frozen vegetables was 207.581 in the year 2021 and 265.637 in 2023:

265.637 / 207.581 * $20 = $25.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $25.59 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.