Banana prices are 30.24% higher in 2026 versus 2001 (a $0.15 difference in value).
The latest available average price is $0.652 in August 2026 for Bananas, per lb. (453.6 gm). See observed price history.
Between 2001 and 2026, Bananas experienced an average inflation rate of 1.06% per year. In other words, bananas costing $0.51 in the year 2001 would cost $0.66 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for bananas was lower.
In the year 2001: Pricing changed by 2.54%, which is above the average yearly change for bananas during the 2001-2026 time period. Compared to inflation for all items in 2001 (2.83%), inflation for bananas was lower.
According to the U.S. Bureau of Labor Statistics, the average price of bananas rose 29%, from $0.507 per pound in 2001 to $0.652 in August 2026. Overall prices rose 89% over the same period, so bananas rose more slowly than inflation. This data is collected by a national survey and can vary from region to region.
● Price● Price, inflation-adjusted
The average price for bananas is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. The table below shows the average U.S. price of bananas, per lb. (453.6 gm) each year, along with the same price adjusted for inflation. To understand how price levels differ from inflation rates, see this article published by the BLS.
| Year | Price (per pound) | Price, inflation-adjusted |
|---|---|---|
| 2026 (partial) | $0.651 | $0.651 |
| 2025 | $0.647 | $0.673 |
| 2024 | $0.620 | $0.663 |
| 2023 | $0.630 | $0.693 |
| 2022 | $0.637 | $0.729 |
| 2021 | $0.600 | $0.742 |
| 2020 | $0.578 | $0.748 |
| 2019 | $0.574 | $0.752 |
| 2018 | $0.574 | $0.765 |
| 2017 | $0.563 | $0.769 |
| 2016 | $0.573 | $0.800 |
| 2015 | $0.583 | $0.824 |
| 2014 | $0.598 | $0.846 |
| 2013 | $0.600 | $0.862 |
| 2012 | $0.602 | $0.878 |
| 2011 | $0.610 | $0.909 |
| 2010 | $0.580 | $0.890 |
| 2009 | $0.611 | $0.954 |
| 2008 | $0.609 | $0.948 |
| 2007 | $0.510 | $0.824 |
| 2006 | $0.500 | $0.831 |
| 2005 | $0.492 | $0.844 |
| 2004 | $0.495 | $0.878 |
| 2003 | $0.509 | $0.926 |
| 2002 | $0.508 | $0.945 |
| 2001 | $0.507 | $0.958 |
| 2000 | $0.501 | $0.975 |
| 1999 | $0.491 | $0.987 |
| 1998 | $0.494 | $1.015 |
| 1997 | $0.487 | $1.016 |
| 1996 | $0.490 | $1.045 |
| 1995 | $0.490 | $1.076 |
| 1994 | $0.462 | $1.045 |
| 1993 | $0.439 | $1.017 |
| 1992 | $0.458 | $1.094 |
| 1991 | $0.481 | $1.183 |
| 1990 | $0.463 | $1.187 |
| 1989 | $0.449 | $1.212 |
| 1988 | $0.418 | $1.184 |
| 1987 | $0.365 | $1.076 |
| 1986 | $0.385 | $1.176 |
| 1985 | $0.367 | $1.142 |
| 1984 | $0.359 | $1.159 |
| 1983 | $0.386 | $1.298 |
| 1982 | $0.354 | $1.228 |
| 1981 | $0.362 | $1.334 |
| 1980 | $0.342 | $1.390 |
Yearly averages; 2026 is through August. Inflation-adjusted to 2026 dollars.
Below are calculations of equivalent buying power for Bananas, over time, for $0.51 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2001 | $0.51 | 2.54% |
| 2002 | $0.51 | -0.06% |
| 2003 | $0.50 | -1.01% |
| 2004 | $0.50 | -1.12% |
| 2005 | $0.51 | 2.50% |
| 2006 | $0.54 | 4.93% |
| 2007 | $0.54 | 1.28% |
| 2008 | $0.63 | 16.82% |
| 2009 | $0.63 | -0.07% |
| 2010 | $0.60 | -5.70% |
| 2011 | $0.63 | 5.33% |
| 2012 | $0.63 | -0.39% |
| 2013 | $0.62 | -0.82% |
| 2014 | $0.62 | -0.65% |
| 2015 | $0.61 | -0.62% |
| 2016 | $0.61 | -0.96% |
| 2017 | $0.60 | -1.85% |
| 2018 | $0.60 | 0.79% |
| 2019 | $0.60 | -0.37% |
| 2020 | $0.59 | -1.37% |
| 2021 | $0.60 | 1.22% |
| 2022 | $0.63 | 5.41% |
| 2023 | $0.64 | 1.42% |
| 2024 | $0.64 | -0.73% |
| 2025 | $0.66 | 3.45% |
| 2026 | $0.66 | 1.03%* |
* 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 Bananas:
| Year | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 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 | 2023 | 2024 | 2025 | 2026 |
| CPI | 14.525 | 15.017 | 16.850 | 24.500 | 28.833 | 28.283 | 26.333 | 27.908 | 36.325 | 38.325 | 39.958 | 39.100 | 39.292 | 39.342 | 39.725 | 39.800 | 40.125 | 39.892 | 41.150 | 41.042 | 40.367 | 37.683 | 37.700 | 38.825 | 39.100 | 39.717 | 38.917 | 38.050 | 38.408 | 38.000 | 38.933 | 38.983 | 36.717 | 39.075 | 40.808 | 45.833 | 57.408 | 58.167 | 63.233 | 70.700 | 79.842 | 91.533 | 97.658 | 96.083 | 105.992 | 97.925 | 99.950 | 105.017 | 104.175 | 119.242 | 131.292 | 138.167 | 145.017 | 139.933 | 135.525 | 143.567 | 153.767 | 159.017 | 159.575 | 160.850 | 159.417 | 162.492 | 166.617 | 166.525 | 164.842 | 162.992 | 167.058 | 175.292 | 177.538 | 207.394 | 207.256 | 195.442 | 205.850 | 205.052 | 203.370 | 202.041 | 200.786 | 198.852 | 195.168 | 196.709 | 195.983 | 193.307 | 195.656 | 206.248 | 209.174 | 207.643 | 214.798 | 217.009 |