According to the U.S. Bureau of Labor Statistics, prices for all items (chained) are 27.59% higher in 2024 versus 2016 (a $5.52 difference in value).
Between 2016 and 2024: All items (chained) experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, all items (chained) costing $20 in the year 2016 would cost $25.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for all items (chained) was lower.
In the year 2016: Pricing changed by 0.93%, which is below the average yearly change for all items (chained) during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for all items (chained) was lower.
Below are calculations of equivalent buying power for All items (chained), over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 0.93% |
| 2017 | $20.35 | 1.76% |
| 2018 | $20.76 | 2.02% |
| 2019 | $21.07 | 1.45% |
| 2020 | $21.29 | 1.07% |
| 2021 | $22.24 | 4.47% |
| 2022 | $23.95 | 7.68% |
| 2023 | $24.88 | 3.87% |
| 2024 | $25.52 | 2.57%* |
* 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 All items (chained):
| Year | 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 |
| CPI | 100.000 | 101.992 | 104.292 | 105.608 | 107.762 | 110.462 | 113.692 | 116.992 | 119.957 | 124.433 | 123.850 | 125.615 | 129.453 | 131.976 | 133.592 | 135.524 | 135.362 | 136.625 | 139.036 | 141.842 | 143.904 | 145.449 | 151.950 | 163.616 | 169.954 | 174.320 |