All items less medical care price inflation, 2016→2024

All Items Less Medical Care Inflation Calculator

Prices for All Items Less Medical Care, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less medical care are 31.48% higher in 2024 versus 2016 (a $6.30 difference in value).

Between 2016 and 2024: All items less medical care experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, all items less medical care costing $20 in the year 2016 would cost $26.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for all items less medical care was higher.

In the year 2016: Pricing changed by 1.04%, which is below the average yearly change for all items less medical care during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), 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 (13.63%), 1979 (11.38%), and 1974 (11.14%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for All items less medical care, 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	1.04%
2017	$20.42	2.09%
2018	$20.93	2.49%
2019	$21.29	1.72%
2020	$21.49	0.96%
2021	$22.57	5.04%
2022	$24.46	8.38%
2023	$25.55	4.44%
2024	$26.30	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

Adjust all items less medical care prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less medical care was 229.271 in the year 2016 and 301.443 in 2024:

301.443 / 229.271 * $20 = $26.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.30 in 2024 (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.