All items less energy priced at $20 in 2017 $24.54 in 2023

All Items Less Energy Inflation Calculator


Prices for All Items Less Energy, 2017-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less energy are 22.71% higher in 2023 versus 2017 (a $4.54 difference in value).

Between 2017 and 2023: All items less energy experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, all items less energy costing $20 in the year 2017 would cost $24.54 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for all items less energy was lower.

In the year 2017: Pricing changed by 1.70%, which is below the average yearly change for all items less energy during the 2017-2023 time period. Compared to inflation for all items in 2017 (2.13%), inflation for all items less energy was lower.

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 2017

Below are calculations of equivalent buying power for All items less energy, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust all items less energy prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2017 * 2017 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for All items less energy was 251.157 in the year 2017 and 308.189 in 2023:

308.189 / 251.157 * $20 = $24.54

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2017 has the same "purchasing power" as $24.54 in 2023 (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.

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