All items less food, shelter, and energy price inflation, 2014→2023

All Items Less Food, Shelter, And Energy Inflation Calculator

Prices for All Items Less Food, Shelter, And Energy, 2014-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food, shelter, and energy are 21.96% higher in 2023 versus 2014 (a $4.39 difference in value).

Between 2014 and 2023: All items less food, shelter, and energy experienced an average inflation rate of 2.23% per year. This rate of change indicates significant inflation. In other words, all items less food, shelter, and energy costing $20 in the year 2014 would cost $24.39 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for all items less food, shelter, and energy was lower.

In the year 2014: Pricing changed by 0.98%, which is below the average yearly change for all items less food, shelter, and energy during the 2014-2023 time period. Compared to inflation for all items in 2014 (1.62%), 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
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Buying power of $20.00 since 2014

Below are calculations of equivalent buying power for All items less food, shelter, and energy, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2014	$20.00	0.98%
2015	$20.19	0.94%
2016	$20.46	1.36%
2017	$20.62	0.77%
2018	$20.89	1.28%
2019	$21.17	1.35%
2020	$21.41	1.15%
2021	$22.32	4.22%
2022	$23.73	6.34%
2023	$24.39	2.78%*

* 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:

Year	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
CPI	38.692	40.492	42.431	44.600	46.785	47.915	49.338	53.092	57.831	61.900	65.615	69.323	74.123	80.631	88.292	95.038	99.992	104.962	108.992	112.692	116.969	121.862	127.323	133.492	140.362	145.762	150.785	154.900	159.308	163.177	166.400	169.169	171.915	175.185	178.685	181.123	182.592	184.623	188.100	191.585	194.205	198.353	202.626	206.565	210.502	214.869	217.804	219.936	222.007	225.035	226.771	229.676	232.769	235.456	245.397	260.963	268.224

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

Start with the inflation rate formula:

CPI in 2023 / CPI in 2014 * 2014 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for All items less food, shelter, and energy was 219.936 in the year 2014 and 268.224 in 2023:

268.224 / 219.936 * $20 = $24.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $24.39 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.