All items less food and shelter priced at $20 in 1988 $45.46 in 2022

All Items Less Food And Shelter Inflation Calculator

$

Prices for All Items Less Food And Shelter, 1988-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food and shelter are 127.29% higher in 2022 versus 1988 (a $25.46 difference in value).

Between 1988 and 2022: All items less food and shelter experienced an average inflation rate of 2.44% per year. This rate of change indicates significant inflation. In other words, all items less food and shelter costing $20 in the year 1988 would cost $45.46 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.67% during this same period, inflation for all items less food and shelter was lower.

In the year 1988: Pricing changed by 3.71%, which is above the average yearly change for all items less food and shelter during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), inflation for all items less food and shelter was lower.

Price Inflation for All items less food and shelter since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (12.88%), 1981 (10.37%), and 1974 (9.99%).

View price changes for other categories
Alcoholic beverages · Legal services · Wine at home · Tampa, Florida · More

Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for All items less food and shelter, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.003.71%
1989$20.934.66%
1990$22.045.29%
1991$23.034.49%
1992$23.813.39%
1993$24.563.14%
1994$25.162.43%
1995$25.812.59%
1996$26.502.69%
1997$27.001.88%
1998$27.130.47%
1999$27.621.84%
2000$28.663.75%
2001$29.302.25%
2002$29.390.29%
2003$30.042.22%
2004$30.792.48%
2005$32.064.14%
2006$33.133.36%
2007$33.822.08%
2008$35.254.22%
2009$34.62-1.79%
2010$35.703.13%
2011$37.174.10%
2012$37.871.89%
2013$38.240.99%
2014$38.510.71%
2015$37.71-2.08%
2016$37.790.20%
2017$38.431.71%
2018$39.262.15%
2019$39.590.84%
2020$39.55-0.10%
2021$41.996.19%
2022$45.468.25%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for All items less food and shelter:

Year19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI35.81537.32339.05440.93142.88543.96945.50850.05454.66958.51562.29265.90072.40881.73190.20895.86299.977104.146107.500107.723111.015115.138120.500126.877132.577137.077141.385144.823148.569152.562155.431156.162159.031164.992168.700169.185172.938177.231184.562190.754194.722202.931199.303205.531213.961217.997220.151221.720217.103217.528221.248225.999227.903227.673241.760261.696

Adjust all items less food and shelter prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for All items less food and shelter was 115.138 in the year 1988 and 261.696 in 2022:

261.696 / 115.138 * $20 = $45.46

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $45.46 in 2022 (in the CPI category of All items less food and shelter).


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