Potatoes priced at $0.18 in 2020 $0.20 in 2024

Potatoes Inflation Calculator

$

Prices for Potatoes, 2020-2024 ($0.18)

According to the U.S. Bureau of Labor Statistics, prices for potatoes are 12.57% higher in 2024 versus 2020 (a $0.02 difference in value).

The current national average price is $0.18 for "Potatoes, white (cost per pound/453.6 grams)". This data is collected by a national survey and can vary from region to region.

Between 2020 and 2024: Potatoes experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, potatoes costing $0.18 in the year 2020 would cost $0.20 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for potatoes was lower.

In the year 2020: Pricing changed by 4.66%, which is above the average yearly change for potatoes during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for potatoes was much higher.

Price Inflation for Potatoes since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1952 (49.64%), 1973 (48.51%), and 1942 (46.57%).

Price history

The average price for Potatoes is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Potatoes, white (cost per pound/453.6 grams):

YearAverage price (Potatoes)Inflation adjusted price (2024 dollars)
1986$0.18$0.18
1985$0.21$0.20
1984$0.24$0.20
1983$0.21$0.22
1982$0.21$0.22
1981$0.25$0.22
1980$0.19$0.23

View price changes for other categories
Minneapolis-St Paul, Minnesota · Gasoline (all types) · Tampa, Florida · Food · More

Buying power of $0.18 since 2020

Below are calculations of equivalent buying power for Potatoes, over time, for $0.18 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2020$0.184.66%
2021$0.18-0.43%
2022$0.2010.16%
2023$0.214.45%
2024$0.20-1.74%*

* 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 Potatoes:

Year19391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.2158.8698.75412.83117.41517.70818.83118.05419.40821.54620.99217.62319.32328.91521.13120.48522.13826.39222.26924.43124.60828.00824.73824.93125.72331.61539.11531.28531.29232.10034.42338.00836.70039.59258.80071.80057.68562.60863.80066.26963.59280.969109.50892.70891.300115.992101.54696.138116.038119.131153.500162.592144.554141.492154.577174.285174.654180.569174.192185.154193.100196.338202.331238.477228.077231.077247.708273.131280.432324.624318.491301.971338.469320.445322.525330.050326.901333.003338.832341.681362.013378.868377.246415.564434.053426.485

Adjust potatoes prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Potatoes was 378.868 in the year 2020 and 426.485 in 2024:

426.485 / 378.868 * $0.18 = $0.20

Therefore, according to U.S. Bureau of Labor Statistics, $0.18 in 2020 has the same "purchasing power" as $0.20 in 2024 (in the CPI category of Potatoes).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Potatoes in 1939. In addition to potatoes, 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.