Commodities less food priced at $20 in 1947 $103.13 in 2018

Historical Price Inflation for Commodities less food

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Prices for Commodities Less Food, 1947-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food were 415.66% higher in 2018 versus 1947 (a $83.13 difference in value).

Between 1947 and 2018: Commodities less food experienced an average inflation rate of 2.34% per year. This rate of change indicates significant inflation. In other words, commodities less food costing $20 in the year 1947 would cost $103.13 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.46% during this same period, inflation for commodities less food was lower.

In the year 1947: Pricing changed by 12.59%, which is significantly above the average yearly change for commodities less food during the 1947-2018 time period. Compared to inflation for all items in 1947 (14.39%), inflation for commodities less food was lower.

Price Inflation for Commodities less food since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.81%), 1947 (12.59%), and 1979 (11.64%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food:

Year 1935 1936 1937 1938 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
CPI 17.775 17.967 18.780 18.680 18.440 18.560 19.600 21.740 22.680 23.860 24.820 26.520 29.860 32.020 31.380 31.540 33.940 34.060 34.160 33.780 33.560 33.923 34.938 35.323 35.785 35.985 36.077 36.346 36.592 36.923 37.154 37.662 38.600 40.015 41.723 43.446 45.085 46.108 47.700 52.731 57.569 60.469 63.746 67.462 75.315 85.715 93.123 96.877 100.015 103.115 105.238 101.723 104.331 107.677 111.969 117.431 121.285 124.162 126.262 127.869 129.815 132.577 133.438 131.954 134.000 139.177 138.862 136.031 136.462 138.800 144.477 147.954 149.720 155.310 147.071 152.990 162.409 165.264 164.129 162.323 152.217 148.608 150.505 153.977

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Buying power of $20 since 1947

Below are calculations of equivalent buying power for Commodities less food, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1947 $20.00 12.59%
1948 $21.45 7.23%
1949 $21.02 -2.00%
1950 $21.13 0.51%
1951 $22.73 7.61%
1952 $22.81 0.35%
1953 $22.88 0.29%
1954 $22.63 -1.11%
1955 $22.48 -0.65%
1956 $22.72 1.08%
1957 $23.40 2.99%
1958 $23.66 1.10%
1959 $23.97 1.31%
1960 $24.10 0.56%
1961 $24.16 0.26%
1962 $24.34 0.75%
1963 $24.51 0.68%
1964 $24.73 0.90%
1965 $24.89 0.62%
1966 $25.23 1.37%
1967 $25.85 2.49%
1968 $26.80 3.67%
1969 $27.95 4.27%
1970 $29.10 4.13%
1971 $30.20 3.77%
1972 $30.88 2.27%
1973 $31.95 3.45%
1974 $35.32 10.55%
1975 $38.56 9.18%
1976 $40.50 5.04%
1977 $42.70 5.42%
1978 $45.19 5.83%
1979 $50.45 11.64%
1980 $57.41 13.81%
1981 $62.37 8.64%
1982 $64.89 4.03%
1983 $66.99 3.24%
1984 $69.07 3.10%
1985 $70.49 2.06%
1986 $68.13 -3.34%
1987 $69.88 2.56%
1988 $72.12 3.21%
1989 $75.00 3.99%
1990 $78.65 4.88%
1991 $81.24 3.28%
1992 $83.16 2.37%
1993 $84.57 1.69%
1994 $85.65 1.27%
1995 $86.95 1.52%
1996 $88.80 2.13%
1997 $89.38 0.65%
1998 $88.38 -1.11%
1999 $89.75 1.55%
2000 $93.22 3.86%
2001 $93.01 -0.23%
2002 $91.11 -2.04%
2003 $91.40 0.32%
2004 $92.97 1.71%
2005 $96.77 4.09%
2006 $99.10 2.41%
2007 $100.28 1.19%
2008 $104.03 3.73%
2009 $98.51 -5.30%
2010 $102.47 4.02%
2011 $108.78 6.16%
2012 $110.69 1.76%
2013 $109.93 -0.69%
2014 $108.72 -1.10%
2015 $101.95 -6.23%
2016 $99.54 -2.37%
2017 $100.81 1.28%
2018 $103.13 2.31%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for commodities less food, 1947-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1947 * 1947 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food was 29.860 in the year 1947 and 153.977 in 2018:

153.977 / 29.860 * $20 = $103.13

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1947 has the same "purchasing power" as $103.13 in 2018 (in the CPI category of Commodities less food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Commodities less food in 1935. In addition to commodities less food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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