All items less food and shelter priced at $20 in 2003 $31.43 in 2024

All Items Less Food And Shelter Inflation Calculator

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Prices for All Items Less Food And Shelter, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food and shelter are 57.15% higher in 2024 versus 2003 (a $11.43 difference in value).

Between 2003 and 2024: All items less food and shelter experienced an average inflation rate of 2.18% per year. This rate of change indicates significant inflation. In other words, all items less food and shelter costing $20 in the year 2003 would cost $31.43 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for all items less food and shelter was lower.

In the year 2003: Pricing changed by 2.22%, which is above the average yearly change for all items less food and shelter during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), 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%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for All items less food and shelter, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.002.22%
2004$20.502.48%
2005$21.344.14%
2006$22.063.36%
2007$22.522.08%
2008$23.474.22%
2009$23.05-1.79%
2010$23.773.13%
2011$24.744.10%
2012$25.211.89%
2013$25.460.99%
2014$25.640.71%
2015$25.11-2.08%
2016$25.160.20%
2017$25.591.71%
2018$26.142.15%
2019$26.360.84%
2020$26.33-0.10%
2021$27.966.19%
2022$30.438.83%
2023$30.931.65%
2024$31.431.62%*

* 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 shelter:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI35.81537.32339.05440.93142.88543.96945.50850.05454.66958.51562.29265.90072.40881.73190.20895.86299.977104.146107.500107.723111.015115.138120.500126.877132.577137.077141.385144.823148.569152.562155.431156.162159.031164.992168.700169.185172.938177.231184.562190.754194.722202.931199.303205.531213.961217.997220.151221.720217.103217.528221.248225.999227.903227.673241.760263.098267.435271.766

Adjust all items less food and shelter prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less food and shelter was 172.938 in the year 2003 and 271.766 in 2024:

271.766 / 172.938 * $20 = $31.43

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $31.43 in 2024 (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.

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