According to the U.S. Bureau of Labor Statistics, prices for all items less medical care are 505.31% higher in 2024 versus 1974 (a $101.06 difference in value).
Between 1974 and 2024: All items less medical care experienced an average inflation rate of 3.67% per year. This rate of change indicates significant inflation. In other words, all items less medical care costing $20 in the year 1974 would cost $121.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for all items less medical care was lower.
In the year 1974: Pricing changed by 11.14%, which is significantly above the average yearly change for all items less medical care during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for all items less medical care was higher.
Below are calculations of equivalent buying power for All items less medical care, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $20.00 | 11.14% |
| 1975 | $21.80 | 8.99% |
| 1976 | $22.99 | 5.47% |
| 1977 | $24.42 | 6.23% |
| 1978 | $26.28 | 7.60% |
| 1979 | $29.27 | 11.38% |
| 1980 | $33.26 | 13.63% |
| 1981 | $36.70 | 10.34% |
| 1982 | $38.86 | 5.89% |
| 1983 | $39.99 | 2.90% |
| 1984 | $41.64 | 4.13% |
| 1985 | $43.04 | 3.37% |
| 1986 | $43.71 | 1.56% |
| 1987 | $45.21 | 3.44% |
| 1988 | $47.00 | 3.94% |
| 1989 | $49.17 | 4.61% |
| 1990 | $51.71 | 5.18% |
| 1991 | $53.74 | 3.92% |
| 1992 | $55.21 | 2.73% |
| 1993 | $56.71 | 2.73% |
| 1994 | $58.11 | 2.46% |
| 1995 | $59.66 | 2.67% |
| 1996 | $61.37 | 2.86% |
| 1997 | $62.79 | 2.31% |
| 1998 | $63.69 | 1.44% |
| 1999 | $65.05 | 2.13% |
| 2000 | $67.20 | 3.31% |
| 2001 | $69.03 | 2.72% |
| 2002 | $69.99 | 1.39% |
| 2003 | $71.52 | 2.18% |
| 2004 | $73.36 | 2.57% |
| 2005 | $75.79 | 3.31% |
| 2006 | $78.21 | 3.19% |
| 2007 | $80.35 | 2.75% |
| 2008 | $83.44 | 3.85% |
| 2009 | $82.95 | -0.59% |
| 2010 | $84.21 | 1.52% |
| 2011 | $86.88 | 3.16% |
| 2012 | $88.58 | 1.95% |
| 2013 | $89.81 | 1.39% |
| 2014 | $91.21 | 1.56% |
| 2015 | $91.13 | -0.09% |
| 2016 | $92.08 | 1.04% |
| 2017 | $94.01 | 2.09% |
| 2018 | $96.34 | 2.49% |
| 2019 | $98.00 | 1.72% |
| 2020 | $98.94 | 0.96% |
| 2021 | $103.92 | 5.04% |
| 2022 | $112.63 | 8.38% |
| 2023 | $117.63 | 4.44% |
| 2024 | $121.06 | 2.92%* |
* 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 less medical care:
| Year | 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 28.746 | 29.531 | 29.769 | 30.162 | 30.446 | 30.769 | 31.131 | 31.523 | 32.000 | 32.938 | 33.762 | 35.131 | 36.992 | 39.177 | 40.785 | 42.123 | 44.808 | 49.800 | 54.277 | 57.246 | 60.815 | 65.438 | 72.885 | 82.815 | 91.377 | 96.762 | 99.569 | 103.677 | 107.169 | 108.838 | 112.585 | 117.023 | 122.423 | 128.762 | 133.815 | 137.469 | 141.215 | 144.692 | 148.562 | 152.815 | 156.338 | 158.585 | 161.969 | 167.338 | 171.892 | 174.285 | 178.077 | 182.662 | 188.715 | 194.731 | 200.080 | 207.777 | 206.555 | 209.689 | 216.325 | 220.553 | 223.616 | 227.107 | 226.909 | 229.271 | 234.073 | 239.895 | 244.012 | 246.354 | 258.763 | 280.439 | 292.896 | 301.443 |