Fresh fruits priced at $1 in 1947 $18.54 in 2022

Fresh Fruits Inflation Calculator

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Prices for Fresh Fruits, 1947-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices for fresh fruits are 1,753.82% higher in 2022 versus 1947 (a $17.54 difference in value).

The current national average price is $0.94 for "Peaches, any variety, all sizes, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 1947 and 2022: Fresh fruits experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, fresh fruits costing $1 in the year 1947 would cost $18.54 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.46% during this same period, inflation for fresh fruits was higher.

Price Inflation for Fresh fruits since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1978 (19.06%), 1977 (15.06%), and 1991 (13.07%).

Price history

The average price for Fresh fruits is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Peaches, any variety, all sizes, per lb. (453.6 gm):

Year Average price (Fresh fruits) Inflation adjusted price (2022 dollars)
1997 $0.95 $0.95
1996 $0.91 $0.92
1995 $0.88 $0.94

View price changes for other categories
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Buying power of $1.00 since 1947

Below are calculations of equivalent buying power for Fresh fruits, over time, for $1 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1947 $1.00 -
1948 $1.00 0.04%
1949 $1.09 8.53%
1950 $1.02 -6.07%
1951 $0.99 -2.54%
1952 $1.08 9.16%
1953 $1.10 1.02%
1954 $1.10 0.49%
1955 $1.08 -1.49%
1956 $1.12 3.13%
1957 $1.16 4.09%
1958 $1.26 8.05%
1959 $1.17 -7.33%
1960 $1.27 8.76%
1961 $1.29 1.77%
1962 $1.31 1.12%
1963 $1.44 10.13%
1964 $1.45 0.66%
1965 $1.39 -4.19%
1966 $1.45 4.40%
1967 $1.47 1.58%
1968 $1.66 12.88%
1969 $1.61 -3.24%
1970 $1.63 1.23%
1971 $1.72 6.05%
1972 $1.82 5.59%
1973 $2.04 11.93%
1974 $2.22 8.72%
1975 $2.36 6.66%
1976 $2.36 0.05%
1977 $2.72 15.06%
1978 $3.24 19.06%
1979 $3.64 12.55%
1980 $3.88 6.39%
1981 $4.09 5.55%
1982 $4.54 11.03%
1983 $4.35 -4.25%
1984 $4.84 11.19%
1985 $5.32 10.04%
1986 $5.42 1.89%
1987 $6.03 11.23%
1988 $6.55 8.52%
1989 $6.98 6.56%
1990 $7.82 12.12%
1991 $8.84 13.07%
1992 $8.42 -4.85%
1993 $8.61 2.26%
1994 $9.20 6.86%
1995 $10.01 8.88%
1996 $10.71 6.98%
1997 $10.81 0.87%
1998 $11.28 4.37%
1999 $12.18 7.98%
2000 $11.81 -3.00%
2001 $12.12 2.58%
2002 $12.36 1.98%
2003 $12.77 3.32%
2004 $13.11 2.71%
2005 $13.60 3.72%
2006 $14.42 6.03%
2007 $15.07 4.52%
2008 $15.80 4.81%
2009 $14.83 -6.11%
2010 $14.74 -0.63%
2011 $15.23 3.33%
2012 $15.39 1.03%
2013 $15.69 1.97%
2014 $16.45 4.83%
2015 $16.09 -2.16%
2016 $16.45 2.24%
2017 $16.53 0.49%
2018 $16.71 1.05%
2019 $16.47 -1.41%
2020 $16.33 -0.85%
2021 $17.22 5.44%
2022 $18.54 7.65%*
* Not final. See inflation summary for latest details.

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

Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 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
CPI 21.867 21.875 23.742 22.300 21.733 23.725 23.967 24.083 23.725 24.467 25.467 27.517 25.500 27.733 28.225 28.542 31.433 31.642 30.317 31.650 32.150 36.292 35.117 35.550 37.700 39.808 44.558 48.442 51.667 51.692 59.475 70.808 79.692 84.783 89.492 99.358 95.133 105.783 116.408 118.608 131.925 143.167 152.558 171.050 193.408 184.025 188.192 201.100 218.958 234.233 236.275 246.608 266.283 258.300 264.958 270.217 279.192 286.767 297.433 315.358 329.610 345.464 324.369 322.317 333.059 336.490 343.120 359.691 351.908 359.802 361.552 365.346 360.194 357.141 376.562 405.368

Adjust fresh fruits prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1947 * 1947 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Fresh fruits was 21.867 in the year 1947 and 405.368 in 2022:

405.368 / 21.867 * $1 = $18.54

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1947 has the same "purchasing power" as $18.54 in 2022 (in the CPI category of Fresh fruits).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh fruits in 1947. In addition to fresh fruits, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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