Soups priced at $20 in 2000 $24.64 in 2018

Historical Price Inflation for Soups

$

Prices for Soups, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for soups were 23.20% higher in 2018 versus 2000 (a $4.64 difference in value).

Between 2000 and 2018: Soups experienced an average inflation rate of 1.17% per year. In other words, soups costing $20 in the year 2000 would cost $24.64 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for soups was lower.

In the year 2000: Pricing changed by 1.31%, which is above the average yearly change for soups during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for soups was lower.

Price Inflation for Soups since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (9.06%), 1979 (8.99%), and 1981 (7.87%).

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
CPI 71.000 72.892 79.446 86.646 93.462 96.731 100.077 103.185 108.146 110.808 116.515 121.138 128.038 136.269 145.015 153.662 162.269 169.854 175.177 182.377 188.623 191.854 195.700 198.262 201.677 205.492 207.915 207.685 215.015 214.938 216.212 227.453 234.687 225.920 230.345 237.150 238.872 238.428 239.195 243.234 246.699 244.256

View price changes for other categories
Indoor plants and flowers · Juices and nonalcoholic drinks · Dental services · Hospital services · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Soups, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 1.31%
2001 $20.34 1.72%
2002 $20.73 1.89%
2003 $20.97 1.18%
2004 $20.95 -0.11%
2005 $21.69 3.53%
2006 $21.68 -0.04%
2007 $21.81 0.59%
2008 $22.94 5.20%
2009 $23.67 3.18%
2010 $22.79 -3.74%
2011 $23.24 1.96%
2012 $23.92 2.95%
2013 $24.10 0.73%
2014 $24.05 -0.19%
2015 $24.13 0.32%
2016 $24.54 1.69%
2017 $24.89 1.42%
2018 $24.64 -0.99%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for soups, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Soups was 198.262 in the year 2000 and 244.256 in 2018:

244.256 / 198.262 * $20 = $24.64

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $24.64 in 2018 (in the CPI category of Soups).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Soups in 1977. In addition to soups, 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.