According to the U.S. Bureau of Labor Statistics, prices for all items less energy are 38.94% higher in 2024 versus 2012 (a $7.79 difference in value).
Between 2012 and 2024: All items less energy experienced an average inflation rate of 2.78% per year. This rate of change indicates significant inflation. In other words, all items less energy costing $20 in the year 2012 would cost $27.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.62% during this same period, inflation for all items less energy was higher.
In the year 2012: Pricing changed by 2.18%, which is below the average yearly change for all items less energy during the 2012-2024 time period. Compared to inflation for all items in 2012 (2.07%), inflation for all items less energy was higher.
Below are calculations of equivalent buying power for All items less energy, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2012 | $20.00 | 2.18% |
2013 | $20.34 | 1.70% |
2014 | $20.72 | 1.85% |
2015 | $21.10 | 1.83% |
2016 | $21.50 | 1.92% |
2017 | $21.87 | 1.70% |
2018 | $22.31 | 2.03% |
2019 | $22.79 | 2.15% |
2020 | $23.24 | 1.96% |
2021 | $24.08 | 3.63% |
2022 | $25.69 | 6.70% |
2023 | $26.96 | 4.93% |
2024 | $27.79 | 3.07%* |
* 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 energy:
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 | 28.869 | 29.692 | 29.962 | 30.392 | 30.723 | 31.123 | 31.523 | 31.969 | 32.477 | 33.477 | 34.415 | 35.931 | 37.969 | 40.277 | 42.000 | 43.423 | 46.046 | 50.585 | 55.146 | 58.254 | 61.900 | 66.708 | 73.362 | 81.915 | 90.077 | 96.146 | 99.585 | 104.269 | 108.369 | 112.569 | 117.200 | 122.300 | 128.108 | 134.723 | 140.885 | 145.431 | 149.954 | 154.100 | 158.677 | 163.123 | 167.069 | 170.877 | 174.431 | 178.631 | 183.531 | 187.654 | 190.569 | 194.438 | 198.738 | 203.677 | 208.925 | 214.751 | 218.433 | 220.458 | 224.806 | 229.717 | 233.633 | 237.952 | 242.313 | 246.963 | 251.157 | 256.261 | 261.762 | 266.894 | 276.576 | 295.109 | 309.656 | 319.175 |