Processed fruits and vegetables price inflation, 1997→2024

Processed Fruits And Vegetables Inflation Calculator

Prices for Processed Fruits And Vegetables, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for processed fruits and vegetables are 103.60% higher in 2024 versus 1997 (a $20.72 difference in value).

Between 1997 and 2024: Processed fruits and vegetables experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, processed fruits and vegetables costing $20 in the year 1997 would cost $40.72 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for processed fruits and vegetables was higher.

Price Inflation for Processed fruits and vegetables since 1997

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

Years with the largest changes in pricing: 2022 (11.99%), 2008 (9.50%), and 2023 (7.95%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Processed fruits and vegetables, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.45	2.23%
1999	$20.89	2.19%
2000	$21.11	1.05%
2001	$21.79	3.23%
2002	$22.61	3.75%
2003	$22.82	0.93%
2004	$23.10	1.23%
2005	$23.86	3.30%
2006	$24.56	2.91%
2007	$25.45	3.62%
2008	$27.87	9.50%
2009	$29.71	6.62%
2010	$29.32	-1.30%
2011	$30.18	2.93%
2012	$31.34	3.82%
2013	$31.43	0.31%
2014	$31.47	0.11%
2015	$31.69	0.72%
2016	$31.59	-0.33%
2017	$31.08	-1.62%
2018	$30.89	-0.60%
2019	$31.24	1.13%
2020	$32.32	3.47%
2021	$33.25	2.86%
2022	$37.23	11.99%
2023	$40.19	7.95%
2024	$40.72	1.31%*

* 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 Processed fruits and vegetables:

Year	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	100.000	102.231	104.469	105.562	108.969	113.054	114.100	115.508	119.323	122.800	127.241	139.326	148.552	146.618	150.909	156.679	157.162	157.334	158.462	157.947	155.390	154.455	156.202	161.615	166.234	186.169	200.971	203.603

Adjust processed fruits and vegetables prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Processed fruits and vegetables was 100.000 in the year 1997 and 203.603 in 2024:

203.603 / 100.000 * $20 = $40.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $40.72 in 2024 (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 1997. 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.