Processed fruits and vegetables price history from 2003 through 2020

Processed Fruits And Vegetables Inflation Calculator

Prices for Processed Fruits And Vegetables, 2003-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for processed fruits and vegetables were 41.19% higher in 2020 versus 2003 (a $8.24 difference in value).

Between 2003 and 2020: Processed fruits and vegetables experienced an average inflation rate of 2.05% per year. This rate of change indicates significant inflation. In other words, processed fruits and vegetables costing $20 in the year 2003 would cost $28.24 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.02% during this same period, inflation for processed fruits and vegetables was higher.

In the year 2003: Pricing changed by 0.90%, which is below the average yearly change for processed fruits and vegetables during the 2003-2020 time period. Compared to inflation for all items in 2003 (2.27%), inflation for processed fruits and vegetables was lower.

Price Inflation for Processed fruits and vegetables since 1998

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

Years with the largest changes in pricing: 2008 (9.51%), 2009 (6.61%), and 2012 (3.81%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Processed fruits and vegetables:

Year	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
CPI	102.233	104.467	105.550	108.975	113.058	114.075	115.483	119.325	122.808	127.252	139.352	148.568	146.631	150.935	156.686	157.160	157.337	158.458	157.947	155.384	154.454	156.205	161.058

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Buying power of $20 since 2003

Below are calculations of equivalent buying power for Processed fruits and vegetables, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2003	$20.00	0.90%
2004	$20.25	1.23%
2005	$20.92	3.33%
2006	$21.53	2.92%
2007	$22.31	3.62%
2008	$24.43	9.51%
2009	$26.05	6.61%
2010	$25.71	-1.30%
2011	$26.46	2.94%
2012	$27.47	3.81%
2013	$27.55	0.30%
2014	$27.58	0.11%
2015	$27.78	0.71%
2016	$27.69	-0.32%
2017	$27.24	-1.62%
2018	$27.08	-0.60%
2019	$27.39	1.13%
2020	$28.24	3.11%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for processed fruits and vegetables, 2003-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2003 * 2003 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Processed fruits and vegetables was 114.075 in the year 2003 and 161.058 in 2020:

161.058 / 114.075 * $20 = $28.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $28.24 in 2020 (in the CPI category of Processed fruits and vegetables).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Processed fruits and vegetables in 1998. In addition to processed fruits and vegetables, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.