Core inflation priced at $20 in 2007 $29.99 in 2024

Core Inflation Inflation Calculator

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Prices for Core Inflation, 2007-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food and energy are 49.97% higher in 2024 versus 2007 (a $9.99 difference in value).

Between 2007 and 2024: Core inflation experienced an average inflation rate of 2.41% per year. This rate of change indicates significant inflation. In other words, core inflation costing $20 in the year 2007 would cost $29.99 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for core inflation was lower.

In the year 2007: Pricing changed by 2.34%, which is below the average yearly change for core inflation during the 2007-2024 time period. Compared to inflation for all items in 2007 (2.85%), inflation for core inflation was lower.

Price Inflation for All items less food and energy since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (12.42%), 1981 (10.46%), and 1979 (9.74%).

View price changes for other categories
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Buying power of $20.00 since 2007

Below are calculations of equivalent buying power for Core inflation, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2007$20.002.34%
2008$20.462.30%
2009$20.811.70%
2010$21.010.96%
2011$21.361.66%
2012$21.812.11%
2013$22.191.76%
2014$22.581.75%
2015$22.991.83%
2016$23.502.21%
2017$23.931.84%
2018$24.452.14%
2019$24.982.19%
2020$25.411.70%
2021$26.313.57%
2022$27.936.15%
2023$29.274.78%
2024$29.992.48%*

* 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:

Year19571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI28.93129.59230.18530.63830.98531.40831.80032.27732.73833.53834.70836.31538.42340.82342.73844.04645.58549.34653.89257.43161.02365.48571.86280.78589.23895.84699.615104.546109.115113.523118.200123.415128.977135.462142.108147.308152.177156.515161.200165.562169.508173.385176.985181.292186.131190.454193.223196.623200.892205.915210.729215.572219.235221.337225.008229.755233.806237.897242.247247.602252.169257.565263.211267.693277.255294.307308.381316.027

Adjust core inflation prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2007 * 2007 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less food and energy was 210.729 in the year 2007 and 316.027 in 2024:

316.027 / 210.729 * $20 = $29.99

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2007 has the same "purchasing power" as $29.99 in 2024 (in the CPI category of All items less food and energy).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items less food and energy in 1957. In addition to core inflation, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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