All items less energy priced at $20 in 2023 $20.52 in 2024

All Items Less Energy Inflation Calculator

$

Prices for All Items Less Energy, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less energy are 2.62% higher in 2024 versus 2023 (a $0.52 difference in value).

Between 2023 and 2024: All items less energy experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, all items less energy costing $20 in the year 2023 would cost $20.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for all items less energy was higher.

In the year 2023: Pricing changed by 4.93%, which is above the average yearly change for all items less energy during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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%).

View price changes for other categories
Denver, Colorado · San Diego, California · Food · Fish and seafood · More

Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for All items less energy, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.004.93%
2024$20.522.62%*

* 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:

Year19571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI28.86929.69229.96230.39230.72331.12331.52331.96932.47733.47734.41535.93137.96940.27742.00043.42346.04650.58555.14658.25461.90066.70873.36281.91590.07796.14699.585104.269108.369112.569117.200122.300128.108134.723140.885145.431149.954154.100158.677163.123167.069170.877174.431178.631183.531187.654190.569194.438198.738203.677208.925214.751218.433220.458224.806229.717233.633237.952242.313246.963251.157256.261261.762266.894276.576295.109309.656317.779

Adjust all items less energy prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less energy was 309.656 in the year 2023 and 317.779 in 2024:

317.779 / 309.656 * $20 = $20.52

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.52 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.

» Read more about inflation and investment.