All items less food and shelter price inflation, 2023→2024

All Items Less Food And Shelter Inflation Calculator

Prices for All Items Less Food And Shelter, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food and shelter are 1.62% higher in 2024 versus 2023 (a $0.32 difference in value).

Between 2023 and 2024: All items less food and shelter experienced an average inflation rate of 1.62% per year. In other words, all items less food and shelter costing $20 in the year 2023 would cost $20.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for all items less food and shelter was lower.

In the year 2023: Pricing changed by 1.65%, which is above the average yearly change for all items less food and shelter during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023

Below are calculations of equivalent buying power for All items less food and shelter, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	1.65%
2024	$20.32	1.62%*

* 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:

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	2024
CPI	35.815	37.323	39.054	40.931	42.885	43.969	45.508	50.054	54.669	58.515	62.292	65.900	72.408	81.731	90.208	95.862	99.977	104.146	107.500	107.723	111.015	115.138	120.500	126.877	132.577	137.077	141.385	144.823	148.569	152.562	155.431	156.162	159.031	164.992	168.700	169.185	172.938	177.231	184.562	190.754	194.722	202.931	199.303	205.531	213.961	217.997	220.151	221.720	217.103	217.528	221.248	225.999	227.903	227.673	241.760	263.098	267.435	271.766

Adjust all items less food and shelter prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less food and shelter was 267.435 in the year 2023 and 271.766 in 2024:

271.766 / 267.435 * $20 = $20.32

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.32 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.