How much did sugar cost in 2023?
Sugar averaged $0.92 per lb in 2023 — about $1.01 in 2026 dollars.
12 monthly observations · Source: BLS series APU0000715211.
In 2023, sugar averaged $0.92 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 $0.86 in January to $0.97 in September. Over the year it rose from $0.86 in January to $0.96 in December, a 11.2% increase.
Adjusted for inflation, $0.92 in 2023 is worth about $1.01 in 2026 dollars. Today sugar averages $1.03 per lb, so in real terms it is 2% more expensive than it was in 2023. In plain (unadjusted) dollars the price is up 12% versus the 2023 average.
2023 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $0.86 | ▲ 1.9% |
| February | $0.88 | ▲ 1.9% |
| March | $0.88 | ▲ 0.5% |
| April | $0.89 | ▲ 1.5% |
| May | $0.90 | ▲ 0.7% |
| June | $0.92 | ▲ 2.1% |
| July | $0.93 | ▲ 1.5% |
| August | $0.95 | ▲ 1.9% |
| September | $0.97 | ▲ 2.2% |
| October | $0.96 | ▼ 0.8% |
| November | $0.96 | ▼ 0.5% |
| December | $0.96 | ▼ 0.2% |
| 2023 average | $0.92 |
FAQ
What was the average price of sugar in 2023?
Sugar averaged $0.92 per lb in 2023, based on 12 months of BLS average price data.
How much is $0.92 of 2023 sugar worth today?
Adjusted for inflation with the CPI-U, $0.92 in 2023 is about $1.01 in 2026 dollars.
How does the 2023 price of sugar compare to now?
Sugar now averages $1.03 per lb, up 12% from the 2023 average of $0.92.
Cite this
Basket Report. "Sugar price in 2023 (U.S. average)." Basket Report — Grocery Price Index. Retrieved June 26, 2026 from https://basketreport.com/prices/sugar/2023/. Data: U.S. Bureau of Labor Statistics, series APU0000715211. <a href="https://basketreport.com/prices/sugar/2023/">Sugar price in 2023 (U.S. average) — Basket Report</a> (data: U.S. Bureau of Labor Statistics, series APU0000715211; retrieved June 26, 2026) Basket Report. (2026). Sugar price in 2023 (U.S. average) [Data set]. Basket Report — Grocery Price Index. https://basketreport.com/prices/sugar/2023/