According to the U.S. Bureau of Labor Statistics, prices for all items less food and energy are 596.77% higher in 2024 versus 1973 (a $119.35 difference in value).
Between 1973 and 2024: Core inflation experienced an average inflation rate of 3.88% per year. This rate of change indicates significant inflation. In other words, core inflation costing $20 in the year 1973 would cost $139.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.90% during this same period, inflation for core inflation was lower.
In the year 1973: Pricing changed by 3.49%, which is below the average yearly change for core inflation during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), inflation for core inflation was lower.
Below are calculations of equivalent buying power for Core inflation, over time, for $20 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1973 | $20.00 | 3.49% |
1974 | $21.65 | 8.25% |
1975 | $23.64 | 9.21% |
1976 | $25.20 | 6.57% |
1977 | $26.77 | 6.26% |
1978 | $28.73 | 7.31% |
1979 | $31.53 | 9.74% |
1980 | $35.44 | 12.42% |
1981 | $39.15 | 10.46% |
1982 | $42.05 | 7.40% |
1983 | $43.71 | 3.93% |
1984 | $45.87 | 4.95% |
1985 | $47.87 | 4.37% |
1986 | $49.81 | 4.04% |
1987 | $51.86 | 4.12% |
1988 | $54.15 | 4.41% |
1989 | $56.59 | 4.51% |
1990 | $59.43 | 5.03% |
1991 | $62.35 | 4.91% |
1992 | $64.63 | 3.66% |
1993 | $66.77 | 3.31% |
1994 | $68.67 | 2.85% |
1995 | $70.73 | 2.99% |
1996 | $72.64 | 2.71% |
1997 | $74.37 | 2.38% |
1998 | $76.07 | 2.29% |
1999 | $77.65 | 2.08% |
2000 | $79.54 | 2.43% |
2001 | $81.66 | 2.67% |
2002 | $83.56 | 2.32% |
2003 | $84.78 | 1.45% |
2004 | $86.27 | 1.76% |
2005 | $88.14 | 2.17% |
2006 | $90.34 | 2.50% |
2007 | $92.46 | 2.34% |
2008 | $94.58 | 2.30% |
2009 | $96.19 | 1.70% |
2010 | $97.11 | 0.96% |
2011 | $98.72 | 1.66% |
2012 | $100.80 | 2.11% |
2013 | $102.58 | 1.76% |
2014 | $104.38 | 1.75% |
2015 | $106.28 | 1.83% |
2016 | $108.63 | 2.21% |
2017 | $110.64 | 1.84% |
2018 | $113.01 | 2.14% |
2019 | $115.48 | 2.19% |
2020 | $117.45 | 1.70% |
2021 | $121.64 | 3.57% |
2022 | $129.13 | 6.15% |
2023 | $135.30 | 4.78% |
2024 | $139.35 | 3.00%* |
* 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 and 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 | 28.931 | 29.592 | 30.185 | 30.638 | 30.985 | 31.408 | 31.800 | 32.277 | 32.738 | 33.538 | 34.708 | 36.315 | 38.423 | 40.823 | 42.738 | 44.046 | 45.585 | 49.346 | 53.892 | 57.431 | 61.023 | 65.485 | 71.862 | 80.785 | 89.238 | 95.846 | 99.615 | 104.546 | 109.115 | 113.523 | 118.200 | 123.415 | 128.977 | 135.462 | 142.108 | 147.308 | 152.177 | 156.515 | 161.200 | 165.562 | 169.508 | 173.385 | 176.985 | 181.292 | 186.131 | 190.454 | 193.223 | 196.623 | 200.892 | 205.915 | 210.729 | 215.572 | 219.235 | 221.337 | 225.008 | 229.755 | 233.806 | 237.897 | 242.247 | 247.602 | 252.169 | 257.565 | 263.211 | 267.693 | 277.255 | 294.307 | 308.381 | 317.621 |