Fruits and vegetables price inflation, 2021→2024

Fruits And Vegetables Inflation Calculator

Prices for Fruits And Vegetables, 2021-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fruits and vegetables are 12.04% higher in 2024 versus 2021 (a $2.41 difference in value).

Between 2021 and 2024: Fruits and vegetables experienced an average inflation rate of 3.86% per year. This rate of change indicates significant inflation. In other words, fruits and vegetables costing $20 in the year 2021 would cost $22.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.98% during this same period, inflation for fruits and vegetables was lower.

In the year 2021: Pricing changed by 3.24%, which is below the average yearly change for fruits and vegetables during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for fruits and vegetables was lower.

Price Inflation for Fruits and vegetables since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1943 (28.89%), 1942 (26.81%), and 1974 (16.38%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Fruits and 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:

Year	USD Value	Inflation Rate
2021	$20.00	3.24%
2022	$21.71	8.53%
2023	$22.25	2.49%
2024	$22.41	0.73%*

* 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 Fruits and vegetables:

Year	1935	1936	1937	1938	1939	1940	1941	1942	1943	1944	1945	1946	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	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	2024
CPI	11.200	11.777	12.115	10.469	10.615	10.862	11.592	14.700	18.946	18.877	19.877	20.469	22.385	23.031	23.362	22.362	24.462	26.877	26.000	25.638	26.023	27.277	27.192	29.123	28.677	29.408	29.515	29.746	31.469	32.692	32.646	33.323	33.308	35.915	36.377	37.754	39.654	41.646	47.438	55.208	56.938	58.385	63.777	70.900	76.585	82.138	92.008	97.015	97.300	105.685	108.446	109.438	119.108	128.131	137.969	148.962	155.808	155.377	158.985	165.008	177.685	183.923	187.485	198.177	203.092	204.631	212.185	220.885	225.908	232.708	241.392	252.923	262.628	278.932	272.945	273.458	284.662	282.827	290.033	294.398	293.840	296.277	295.684	297.793	300.854	304.929	314.809	341.671	350.175	352.720

Adjust fruits and vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2021 * 2021 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fruits and vegetables was 314.809 in the year 2021 and 352.720 in 2024:

352.720 / 314.809 * $20 = $22.41

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $22.41 in 2024 (in the CPI category of Fruits and vegetables).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fruits and vegetables in 1935. In addition to fruits and vegetables, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.