Canned fruits priced at $20 in 2003 $27.20 in 2018

Historical Price Inflation for Canned fruits

$

Prices for Canned Fruits, 2003-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for canned fruits were 36% higher in 2018 versus 2003 (a $7.20 difference in value).

Between 2003 and 2018: Canned fruits experienced an average inflation rate of 2.07% per year. This rate of change indicates significant inflation. In other words, canned fruits costing $20 in the year 2003 would cost $27.20 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for canned fruits was lower.

Price Inflation for Canned fruits since 2003

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (8.27%), 2009 (5.33%), and 2005 (3.85%).

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

Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 113.683 113.992 118.375 121.458 125.231 135.593 142.820 141.019 145.999 150.450 154.465 153.995 157.543 158.180 156.441 154.610

View price changes for other categories
New York · Alcoholic beverages · Minneapolis-St Paul, Minnesota · Seattle, Washington · More

Buying power of $20 since 2003

Below are calculations of equivalent buying power for Canned fruits, 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 -
2004 $20.05 0.27%
2005 $20.83 3.85%
2006 $21.37 2.60%
2007 $22.03 3.11%
2008 $23.85 8.27%
2009 $25.13 5.33%
2010 $24.81 -1.26%
2011 $25.69 3.53%
2012 $26.47 3.05%
2013 $27.17 2.67%
2014 $27.09 -0.30%
2015 $27.72 2.30%
2016 $27.83 0.40%
2017 $27.52 -1.10%
2018 $27.20 -1.17%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for canned fruits, 2003-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Canned fruits was 113.683 in the year 2003 and 154.610 in 2018:

154.610 / 113.683 * $20 = $27.20

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $27.20 in 2018 (in the CPI category of Canned fruits).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Canned fruits in 2003. In addition to canned fruits, 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.