Tomatoes priced at $0.69 in 1953 → $7.96 in 2022

Tomatoes Inflation Calculator

$

Prices for Tomatoes, 1953-2022 ($0.69)

According to the U.S. Bureau of Labor Statistics, prices for tomatoes are 1,053.97% higher in 2022 versus 1953 (a $7.27 difference in value).

The current national average price is $0.69 for "Tomatoes, canned, any type, all sizes, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 1953 and 2022: Tomatoes experienced an average inflation rate of 3.61% per year. This rate of change indicates significant inflation. In other words, tomatoes costing $0.69 in the year 1953 would cost $7.96 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.49% during this same period, inflation for tomatoes was higher.

Price Inflation for Tomatoes since 1953

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (18.06%), 1977 (17.94%), and 1981 (15.64%).

Price history

The average price for Tomatoes 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 Tomatoes, canned, any type, all sizes, per lb. (453.6 gm):

Year Average price (Tomatoes) Inflation adjusted price (2022 dollars)
1997 $0.68 $0.68
1996 $0.67 $0.73
1995 $0.68 $0.77
View price changes for other categories
Bread · Wine at home · New cars · Baby food · More

Buying power of $0.69 since 1953

Below are calculations of equivalent buying power for Tomatoes, over time, for $0.69 beginning in 1953. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1953 $0.69 -
1954 $0.66 -4.55%
1955 $0.69 4.08%
1956 $0.73 6.98%
1957 $0.73 -0.35%
1958 $0.79 8.71%
1959 $0.73 -7.75%
1960 $0.78 6.77%
1961 $0.72 -8.33%
1962 $0.74 2.76%
1963 $0.80 8.19%
1964 $0.82 3.15%
1965 $0.85 3.25%
1966 $0.87 1.90%
1967 $0.88 1.14%
1968 $1.00 14.32%
1969 $1.04 3.88%
1970 $1.04 0.33%
1971 $1.15 10.67%
1972 $1.16 0.59%
1973 $1.19 2.87%
1974 $1.36 13.91%
1975 $1.43 5.43%
1976 $1.43 -0.21%
1977 $1.69 17.94%
1978 $1.63 -3.15%
1979 $1.81 10.98%
1980 $1.84 1.69%
1981 $2.13 15.64%
1982 $2.11 -1.19%
1983 $2.27 7.78%
1984 $2.38 4.85%
1985 $2.34 -1.94%
1986 $2.51 7.42%
1987 $2.63 4.90%
1988 $2.77 5.40%
1989 $3.07 10.67%
1990 $3.62 18.06%
1991 $3.45 -4.80%
1992 $3.87 12.19%
1993 $3.79 -2.19%
1994 $3.91 3.25%
1995 $4.24 8.54%
1996 $4.47 5.28%
1997 $4.81 7.76%
1998 $5.39 11.97%
1999 $5.05 -6.29%
2000 $5.29 4.71%
2001 $5.63 6.53%
2002 $5.66 0.40%
2003 $6.11 7.99%
2004 $6.69 9.51%
2005 $6.73 0.68%
2006 $7.29 8.19%
2007 $6.91 -5.20%
2008 $7.50 8.54%
2009 $6.85 -8.61%
2010 $7.28 6.32%
2011 $7.65 4.99%
2012 $6.82 -10.86%
2013 $7.17 5.14%
2014 $7.34 2.34%
2015 $7.42 1.17%
2016 $7.53 1.44%
2017 $7.32 -2.74%
2018 $7.56 3.20%
2019 $7.44 -1.58%
2020 $7.94 6.76%
2021 $7.91 -0.38%
2022 $7.96 0.67%*
* Not final. See inflation summary for latest details.

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

Year 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 30.615 29.223 30.415 32.538 32.423 35.246 32.515 34.715 31.823 32.700 35.377 36.492 37.677 38.392 38.831 44.392 46.115 46.269 51.208 51.508 52.985 60.354 63.631 63.500 74.892 72.531 80.492 81.854 94.654 93.523 100.800 105.685 103.631 111.323 116.777 123.085 136.215 160.815 153.100 171.762 168.008 173.469 188.285 198.231 213.608 239.169 224.115 234.669 249.985 250.977 271.023 296.785 298.800 323.262 306.454 332.622 303.981 323.189 339.319 302.484 318.032 325.488 329.290 334.027 324.860 335.267 329.980 352.287 350.935 353.292

Adjust tomatoes prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1953 * 1953 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Tomatoes was 30.615 in the year 1953 and 353.292 in 2022:

353.292 / 30.615 * $0.69 = $7.96

Therefore, according to U.S. Bureau of Labor Statistics, $0.69 in 1953 has the same "purchasing power" as $7.96 in 2022 (in the CPI category of Tomatoes).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tomatoes in 1953. In addition to tomatoes, 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.