How much did bananas cost in 2016?
Bananas averaged $0.57 per lb in 2016 — about $0.80 in 2026 dollars.
12 monthly observations · Source: BLS series APU0000711211.
In 2016, bananas averaged $0.57 per lb at the U.S. city average, across all twelve months, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $0.56 in August to $0.59 in March. Over the year it fell from $0.58 in January to $0.58 in December, a 0.9% decline.
Adjusted for inflation, $0.57 in 2016 is worth about $0.80 in 2026 dollars. Today bananas averages $0.65 per lb, so in real terms it is 19% cheaper than it was in 2016. In plain (unadjusted) dollars the price is up 13% versus the 2016 average.
2016 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $0.58 | ▲ 0.2% |
| February | $0.57 | ▼ 1.4% |
| March | $0.59 | ▲ 2.3% |
| April | $0.57 | ▼ 2.0% |
| May | $0.57 | ▼ 0.7% |
| June | $0.57 | ▼ 0.2% |
| July | $0.57 | ▼ 0.3% |
| August | $0.56 | ▼ 0.9% |
| September | $0.58 | ▲ 2.3% |
| October | $0.57 | ▼ 0.9% |
| November | $0.57 | ▲ 0.5% |
| December | $0.58 | ▲ 0.5% |
| 2016 average | $0.57 |
FAQ
What was the average price of bananas in 2016?
Bananas averaged $0.57 per lb in 2016, based on 12 months of BLS average price data.
How much is $0.57 of 2016 bananas worth today?
Adjusted for inflation with the CPI-U, $0.57 in 2016 is about $0.80 in 2026 dollars.
How does the 2016 price of bananas compare to now?
Bananas now averages $0.65 per lb, up 13% from the 2016 average of $0.57.
Cite this
Basket Report. "Bananas price in 2016 (U.S. average)." Basket Report — Grocery Price Index. Retrieved June 26, 2026 from https://basketreport.com/prices/bananas/2016/. Data: U.S. Bureau of Labor Statistics, series APU0000711211. <a href="https://basketreport.com/prices/bananas/2016/">Bananas price in 2016 (U.S. average) — Basket Report</a> (data: U.S. Bureau of Labor Statistics, series APU0000711211; retrieved June 26, 2026) Basket Report. (2026). Bananas price in 2016 (U.S. average) [Data set]. Basket Report — Grocery Price Index. https://basketreport.com/prices/bananas/2016/