According to the U.S. Bureau of Labor Statistics, prices for all items less medical care are 58.98% higher in 2022 versus 2002 (a $11.80 difference in value).
Between 2002 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 2002 would cost $31.80 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.41% during this same period, inflation for all items less medical care was lower.
In the year 2002: Pricing changed by 1.40%, which is below the average yearly change for all items less medical care during the 2002-2022 time period. Compared to inflation for all items in 2002 (1.59%), inflation for all items less medical care was lower.
Below are calculations of equivalent buying power for All items less medical care, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2002 | $20.00 | 1.40% |
2003 | $20.43 | 2.17% |
2004 | $20.96 | 2.58% |
2005 | $21.66 | 3.32% |
2006 | $22.34 | 3.17% |
2007 | $22.96 | 2.76% |
2008 | $23.84 | 3.82% |
2009 | $23.71 | -0.55% |
2010 | $24.06 | 1.51% |
2011 | $24.82 | 3.15% |
2012 | $25.31 | 1.96% |
2013 | $25.66 | 1.39% |
2014 | $26.06 | 1.55% |
2015 | $26.04 | -0.08% |
2016 | $26.31 | 1.05% |
2017 | $26.86 | 2.10% |
2018 | $27.53 | 2.48% |
2019 | $28.00 | 1.71% |
2020 | $28.27 | 0.98% |
2021 | $29.69 | 5.02% |
2022 | $31.80 | 7.09%* |
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 |
CPI | 28.750 | 29.533 | 29.750 | 30.142 | 30.450 | 30.767 | 31.133 | 31.500 | 32.008 | 32.942 | 33.733 | 35.100 | 36.975 | 39.142 | 40.750 | 42.108 | 44.783 | 49.783 | 54.233 | 57.192 | 60.792 | 65.400 | 72.833 | 82.767 | 91.342 | 96.700 | 99.517 | 103.600 | 107.358 | 108.733 | 112.592 | 117.025 | 122.433 | 128.767 | 133.808 | 137.467 | 141.250 | 144.692 | 148.533 | 152.842 | 156.367 | 158.617 | 161.975 | 167.350 | 171.883 | 174.292 | 178.075 | 182.667 | 188.725 | 194.700 | 200.081 | 207.727 | 206.583 | 209.711 | 216.309 | 220.545 | 223.610 | 227.085 | 226.893 | 229.269 | 234.075 | 239.886 | 244.000 | 246.381 | 258.759 | 277.092 |