Fresh fruits and vegetables priced at $20 in 2003 → $29.83 in 2024

Fresh Fruits And Vegetables Inflation Calculator

$

Prices for Fresh Fruits And Vegetables, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh fruits and vegetables are 49.17% higher in 2024 versus 2003 (a $9.83 difference in value).

Between 2003 and 2024: Fresh fruits and vegetables experienced an average inflation rate of 1.92% per year. In other words, fresh fruits and vegetables costing $20 in the year 2003 would cost $29.83 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for fresh fruits and vegetables was lower.

In the year 2003: Pricing changed by 2.66%, which is above the average yearly change for fresh fruits and vegetables during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for fresh fruits and vegetables was higher.

Price Inflation for Fresh fruits and vegetables since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1943 (34.11%), 1942 (27.46%), and 1973 (17.84%).
View price changes for other categories
Dental services · Bread · Frankfurters · Parking fees and tolls · More

Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Fresh 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:

YearUSD ValueInflation Rate
2003$20.002.66%
2004$20.713.54%
2005$21.513.87%
2006$22.655.31%
2007$23.533.89%
2008$24.755.19%
2009$23.57-4.76%
2010$23.740.70%
2011$24.804.47%
2012$24.30-2.01%
2013$25.093.26%
2014$25.571.93%
2015$25.46-0.45%
2016$25.761.19%
2017$25.810.20%
2018$26.091.08%
2019$26.351.00%
2020$26.560.79%
2021$27.453.34%
2022$29.517.49%
2023$29.730.76%
2024$29.830.35%*

* 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 Fresh fruits and vegetables:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.56210.28510.5008.9389.2239.43110.08512.85417.23817.16918.21518.47719.51520.56221.19219.97721.63825.17723.70823.26923.71525.08525.27727.07725.80827.40026.96227.66929.33831.05431.70832.27732.36235.42335.96937.63839.17741.44648.83852.64653.78555.12362.60870.73176.08581.79291.60096.69296.385106.923109.723113.038126.777136.100147.692160.977174.100171.023178.577186.715205.985211.815215.438231.238237.192238.800247.900258.377265.262274.662285.285300.423312.105328.297312.654314.830328.888322.283332.785339.202337.668341.699342.371346.073349.534352.302364.085391.342394.300395.697

Adjust fresh fruits and vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh fruits and vegetables was 265.262 in the year 2003 and 395.697 in 2024:

395.697 / 265.262 * $20 = $29.83

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $29.83 in 2024 (in the CPI category of Fresh fruits and vegetables).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh fruits and vegetables in 1935. In addition to fresh fruits and vegetables, 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.