All items less food, shelter, and energy priced at $20 in 1967 $138.64 in 2023

All Items Less Food, Shelter, And Energy Inflation Calculator

$

Prices for All Items Less Food, Shelter, And Energy, 1967-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food, shelter, and energy are 593.22% higher in 2023 versus 1967 (a $118.64 difference in value).

Between 1967 and 2023: All items less food, shelter, and energy experienced an average inflation rate of 3.52% per year. This rate of change indicates significant inflation. In other words, all items less food, shelter, and energy costing $20 in the year 1967 would cost $138.64 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.03% during this same period, inflation for all items less food, shelter, and energy was lower.

Price Inflation for All items less food, shelter, and energy since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (9.50%), 1975 (8.92%), and 1980 (8.78%).

View price changes for other categories
Seattle, Washington · College tuition and fees · Rent of primary residence · New trucks · More

Buying power of $20.00 since 1967

Below are calculations of equivalent buying power for All items less food, shelter, and energy, over time, for $20 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$20.00-
1968$20.934.65%
1969$21.934.79%
1970$23.055.11%
1971$24.184.90%
1972$24.772.42%
1973$25.502.97%
1974$27.447.61%
1975$29.898.92%
1976$32.007.04%
1977$33.926.00%
1978$35.835.65%
1979$38.316.92%
1980$41.688.78%
1981$45.649.50%
1982$49.137.64%
1983$51.695.21%
1984$54.254.97%
1985$56.343.84%
1986$58.253.39%
1987$60.463.80%
1988$62.994.18%
1989$65.814.48%
1990$69.004.85%
1991$72.555.15%
1992$75.343.85%
1993$77.943.45%
1994$80.072.73%
1995$82.352.85%
1996$84.352.43%
1997$86.011.98%
1998$87.441.66%
1999$88.861.62%
2000$90.551.90%
2001$92.362.00%
2002$93.621.36%
2003$94.380.81%
2004$95.431.11%
2005$97.231.88%
2006$99.031.85%
2007$100.381.37%
2008$102.532.14%
2009$104.742.15%
2010$106.771.94%
2011$108.811.91%
2012$111.072.07%
2013$112.581.37%
2014$113.680.98%
2015$114.750.94%
2016$116.321.36%
2017$117.220.77%
2018$118.721.28%
2019$120.321.35%
2020$121.711.15%
2021$126.854.22%
2022$134.896.34%
2023$138.642.78%*

* 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 food, shelter, and energy:

Year196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI38.69240.49242.43144.60046.78547.91549.33853.09257.83161.90065.61569.32374.12380.63188.29295.03899.992104.962108.992112.692116.969121.862127.323133.492140.362145.762150.785154.900159.308163.177166.400169.169171.915175.185178.685181.123182.592184.623188.100191.585194.205198.353202.626206.565210.502214.869217.804219.936222.007225.035226.771229.676232.769235.456245.397260.963268.224

Adjust all items less food, shelter, and energy prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1967 * 1967 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for All items less food, shelter, and energy was 38.692 in the year 1967 and 268.224 in 2023:

268.224 / 38.692 * $20 = $138.64

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1967 has the same "purchasing power" as $138.64 in 2023 (in the CPI category of All items less food, shelter, and energy).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items less food, shelter, and energy in 1967. In addition to all items less food, shelter, and 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.