All items less energy price inflation, 2016→2024

All Items Less Energy Inflation Calculator

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

According to the U.S. Bureau of Labor Statistics, prices for all items less energy are 29.24% higher in 2024 versus 2016 (a $5.85 difference in value).

Between 2016 and 2024: All items less energy experienced an average inflation rate of 3.26% per year. This rate of change indicates significant inflation. In other words, all items less energy costing $20 in the year 2016 would cost $25.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for all items less energy was lower.

In the year 2016: Pricing changed by 1.92%, which is below the average yearly change for all items less energy during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for all items less energy was higher.

Price Inflation for All items less energy since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (11.66%), 1979 (9.97%), and 1981 (9.96%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for All items less energy, 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	1.92%
2017	$20.34	1.70%
2018	$20.75	2.03%
2019	$21.20	2.15%
2020	$21.61	1.96%
2021	$22.40	3.63%
2022	$23.90	6.70%
2023	$25.08	4.93%
2024	$25.85	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

Adjust all items less energy 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 energy was 246.963 in the year 2016 and 319.175 in 2024:

319.175 / 246.963 * $20 = $25.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $25.85 in 2024 (in the CPI category of All items less energy).

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