All items less medical care priced at $20 in 1998 $34.94 in 2022

All Items Less Medical Care Inflation Calculator

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Prices for All Items Less Medical Care, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less medical care are 74.69% higher in 2022 versus 1998 (a $14.94 difference in value).

Between 1998 and 2022: All items less medical care experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, all items less medical care costing $20 in the year 1998 would cost $34.94 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for all items less medical care was lower.

In the year 1998: Pricing changed by 1.44%, which is below the average yearly change for all items less medical care during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for all items less medical care was lower.

Price Inflation for All items less medical care since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.64%), 1979 (11.37%), and 1974 (11.16%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for All items less medical care, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.001.44%
1999$20.422.12%
2000$21.103.32%
2001$21.672.71%
2002$21.981.40%
2003$22.452.17%
2004$23.032.58%
2005$23.803.32%
2006$24.553.17%
2007$25.232.76%
2008$26.193.82%
2009$26.05-0.55%
2010$26.441.51%
2011$27.273.15%
2012$27.811.96%
2013$28.201.39%
2014$28.631.55%
2015$28.61-0.08%
2016$28.911.05%
2017$29.512.10%
2018$30.252.48%
2019$30.771.71%
2020$31.070.98%
2021$32.635.02%
2022$34.947.09%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for All items less medical care:

Year195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI28.75029.53329.75030.14230.45030.76731.13331.50032.00832.94233.73335.10036.97539.14240.75042.10844.78349.78354.23357.19260.79265.40072.83382.76791.34296.70099.517103.600107.358108.733112.592117.025122.433128.767133.808137.467141.250144.692148.533152.842156.367158.617161.975167.350171.883174.292178.075182.667188.725194.700200.081207.727206.583209.711216.309220.545223.610227.085226.893229.269234.075239.886244.000246.381258.759277.092

Adjust all items less medical care prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for All items less medical care was 158.617 in the year 1998 and 277.092 in 2022:

277.092 / 158.617 * $20 = $34.94

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $34.94 in 2022 (in the CPI category of All items less medical care).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items less medical care in 1957. In addition to all items less medical care, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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