According to the U.S. Bureau of Labor Statistics, prices for oranges, including tangerines were 10.92% lower in 2020 versus 2018 (a $2.18 difference in value).
Between 2018 and 2020: Oranges, including tangerines experienced an average inflation rate of -5.62% per year. This rate of change indicates significant deflation. In other words, oranges, including tangerines costing $20 in the year 2018 would cost $17.82 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for oranges, including tangerines was significantly lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Oranges, including tangerines:
Below are calculations of equivalent buying power for Oranges, including tangerines, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|