According to the U.S. Bureau of Labor Statistics, prices for soups are 65.06% higher in 2024 versus 1998 (a $13.01 difference in value).
Between 1998 and 2024: Soups experienced an average inflation rate of 1.95% per year. In other words, soups costing $20 in the year 1998 would cost $33.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for soups was lower.
In the year 1998: Pricing changed by 1.71%, which is below the average yearly change for soups during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for soups was higher.
Below are calculations of equivalent buying power for Soups, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 1.71% |
| 1999 | $20.40 | 2.00% |
| 2000 | $20.67 | 1.31% |
| 2001 | $21.02 | 1.72% |
| 2002 | $21.42 | 1.89% |
| 2003 | $21.67 | 1.18% |
| 2004 | $21.65 | -0.11% |
| 2005 | $22.41 | 3.53% |
| 2006 | $22.41 | -0.04% |
| 2007 | $22.54 | 0.59% |
| 2008 | $23.71 | 5.20% |
| 2009 | $24.47 | 3.18% |
| 2010 | $23.55 | -3.74% |
| 2011 | $24.01 | 1.96% |
| 2012 | $24.72 | 2.95% |
| 2013 | $24.90 | 0.73% |
| 2014 | $24.86 | -0.19% |
| 2015 | $24.94 | 0.32% |
| 2016 | $25.36 | 1.69% |
| 2017 | $25.72 | 1.42% |
| 2018 | $25.41 | -1.21% |
| 2019 | $25.46 | 0.21% |
| 2020 | $26.49 | 4.07% |
| 2021 | $26.86 | 1.38% |
| 2022 | $30.79 | 14.64% |
| 2023 | $32.63 | 5.96% |
| 2024 | $33.01 | 1.18%* |
* 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 Soups:
| Year | 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 | 71.000 | 72.892 | 79.446 | 86.646 | 93.462 | 96.731 | 100.077 | 103.185 | 108.146 | 110.808 | 116.515 | 121.138 | 128.038 | 136.269 | 145.015 | 153.662 | 162.269 | 169.854 | 175.177 | 182.377 | 188.623 | 191.854 | 195.700 | 198.262 | 201.677 | 205.492 | 207.915 | 207.685 | 215.015 | 214.938 | 216.212 | 227.453 | 234.687 | 225.920 | 230.345 | 237.150 | 238.872 | 238.428 | 239.195 | 243.234 | 246.699 | 243.713 | 244.215 | 254.147 | 257.652 | 295.370 | 312.972 | 316.672 |