All items less medical care price inflation, 2002→2022

All Items Less Medical Care Inflation Calculator

Prices for All Items Less Medical Care, 2002-2022 ($20)

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.

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 2002

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%*

* 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:

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

Adjust all items less medical care prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for All items less medical care was 174.292 in the year 2002 and 277.092 in 2022:

277.092 / 174.292 * $20 = $31.80

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $31.80 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.