All items less food priced at $20 in 1968 $151.40 in 2021

All Items Less Food Inflation Calculator

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Prices for All Items Less Food, 1968-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food were 656.98% higher in 2021 versus 1968 (a $131.40 difference in value).

Between 1968 and 2021: All items less food experienced an average inflation rate of 3.89% per year. This rate of change indicates significant inflation. In other words, all items less food costing $20 in the year 1968 would cost $151.40 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for all items less food was lower.

In the year 1968: Pricing changed by 4.45%, which is above the average yearly change for all items less food during the 1968-2021 time period. Compared to inflation for all items in 1968 (4.27%), inflation for all items less food was higher.

Price Inflation for All items less food since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (14.55%), 1979 (11.38%), and 1981 (10.89%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 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
CPI 15.000 15.183 15.760 15.860 15.780 15.843 16.277 17.431 17.877 18.585 19.031 19.823 21.677 23.246 23.508 23.785 25.292 25.915 26.400 26.554 26.638 27.100 28.000 28.615 29.162 29.662 29.985 30.338 30.715 31.131 31.554 32.315 33.392 34.877 36.785 39.015 40.792 42.023 43.646 47.977 52.485 55.954 59.608 63.885 71.154 81.508 90.385 96.323 99.669 104.000 108.015 109.762 113.638 118.262 123.708 130.285 136.138 140.754 145.131 148.954 153.100 157.492 161.100 163.423 167.023 172.985 177.785 180.515 184.654 189.362 196.038 202.685 208.098 215.528 214.008 217.828 224.503 228.962 232.343 235.818 235.433 238.773 244.345 250.710 255.228 257.477 264.010

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Buying power of $20 since 1968

Below are calculations of equivalent buying power for All items less food, over time, for $20 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1968 $20.00 4.45%
1969 $21.09 5.47%
1970 $22.37 6.06%
1971 $23.39 4.55%
1972 $24.10 3.02%
1973 $25.03 3.86%
1974 $27.51 9.92%
1975 $30.10 9.40%
1976 $32.09 6.61%
1977 $34.18 6.53%
1978 $36.63 7.18%
1979 $40.80 11.38%
1980 $46.74 14.55%
1981 $51.83 10.89%
1982 $55.24 6.57%
1983 $57.15 3.47%
1984 $59.64 4.35%
1985 $61.94 3.86%
1986 $62.94 1.62%
1987 $65.17 3.53%
1988 $67.82 4.07%
1989 $70.94 4.61%
1990 $74.71 5.32%
1991 $78.07 4.49%
1992 $80.71 3.39%
1993 $83.22 3.11%
1994 $85.42 2.63%
1995 $87.79 2.78%
1996 $90.31 2.87%
1997 $92.38 2.29%
1998 $93.71 1.44%
1999 $95.78 2.20%
2000 $99.20 3.57%
2001 $101.95 2.77%
2002 $103.52 1.54%
2003 $105.89 2.29%
2004 $108.59 2.55%
2005 $112.42 3.53%
2006 $116.23 3.39%
2007 $119.33 2.67%
2008 $123.59 3.57%
2009 $122.72 -0.71%
2010 $124.91 1.79%
2011 $128.74 3.06%
2012 $131.30 1.99%
2013 $133.24 1.48%
2014 $135.23 1.50%
2015 $135.01 -0.16%
2016 $136.92 1.42%
2017 $140.12 2.33%
2018 $143.77 2.60%
2019 $146.36 1.80%
2020 $147.65 0.88%
2021 $151.40 2.54%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for all items less food, 1968-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1968 * 1968 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for All items less food was 34.877 in the year 1968 and 264.010 in 2021:

264.010 / 34.877 * $20 = $151.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1968 has the same "purchasing power" as $151.40 in 2021 (in the CPI category of All items less food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items less food in 1935. In addition to all items less food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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