How much did bananas cost in 2023?
Bananas averaged $0.63 per lb in 2023 — about $0.69 in 2026 dollars.
12 monthly observations · Source: BLS series APU0000711211.
In 2023, bananas averaged $0.63 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 $0.63 in June to $0.64 in February. Over the year it fell from $0.64 in January to $0.63 in December, a 2.2% decline.
Adjusted for inflation, $0.63 in 2023 is worth about $0.69 in 2026 dollars. Today bananas averages $0.65 per lb, so in real terms it is 6% cheaper than it was in 2023. In plain (unadjusted) dollars the price is up 3% versus the 2023 average.
2023 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $0.64 | ▲ 1.8% |
| February | $0.64 | ▲ 0.3% |
| March | $0.63 | ▼ 1.4% |
| April | $0.64 | ▲ 0.5% |
| May | $0.63 | ▼ 1.1% |
| June | $0.63 | ▼ 0.5% |
| July | $0.63 | ▲ 1.0% |
| August | $0.63 | — |
| September | $0.63 | ▼ 0.9% |
| October | $0.63 | ▲ 0.2% |
| November | $0.63 | ▲ 0.2% |
| December | $0.63 | ▼ 0.3% |
| 2023 average | $0.63 |
FAQ
What was the average price of bananas in 2023?
Bananas averaged $0.63 per lb in 2023, based on 12 months of BLS average price data.
How much is $0.63 of 2023 bananas worth today?
Adjusted for inflation with the CPI-U, $0.63 in 2023 is about $0.69 in 2026 dollars.
How does the 2023 price of bananas compare to now?
Bananas now averages $0.65 per lb, up 3% from the 2023 average of $0.63.
Cite this
Basket Report. "Bananas price in 2023 (U.S. average)." Basket Report — Grocery Price Index. Retrieved June 26, 2026 from https://basketreport.com/prices/bananas/2023/. Data: U.S. Bureau of Labor Statistics, series APU0000711211. <a href="https://basketreport.com/prices/bananas/2023/">Bananas price in 2023 (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 2023 (U.S. average) [Data set]. Basket Report — Grocery Price Index. https://basketreport.com/prices/bananas/2023/