All items less food priced at $20 in 1988 $48.70 in 2022

All Items Less Food Inflation Calculator

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

According to the U.S. Bureau of Labor Statistics, prices for all items less food are 143.52% higher in 2022 versus 1988 (a $28.70 difference in value).

Between 1988 and 2022: All items less food experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, all items less food costing $20 in the year 1988 would cost $48.70 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 was lower.

In the year 1988: Pricing changed by 4.07%, which is above the average yearly change for all items less food during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), inflation for all items less food was lower.

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%).

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Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for All items less food, 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$20.004.07%
1989$20.924.61%
1990$22.035.32%
1991$23.024.49%
1992$23.803.39%
1993$24.543.11%
1994$25.192.63%
1995$25.892.78%
1996$26.632.87%
1997$27.242.29%
1998$27.641.44%
1999$28.252.20%
2000$29.253.57%
2001$30.072.77%
2002$30.531.54%
2003$31.232.29%
2004$32.022.55%
2005$33.153.53%
2006$34.283.39%
2007$35.192.67%
2008$36.453.57%
2009$36.19-0.71%
2010$36.841.79%
2011$37.973.06%
2012$38.721.99%
2013$39.291.48%
2014$39.881.50%
2015$39.82-0.16%
2016$40.381.42%
2017$41.322.33%
2018$42.402.60%
2019$43.161.80%
2020$43.540.88%
2021$45.644.82%
2022$48.706.70%*
* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI15.00015.18315.76015.86015.78015.84316.27717.43117.87718.58519.03119.82321.67723.24623.50823.78525.29225.91526.40026.55426.63827.10028.00028.61529.16229.66229.98530.33830.71531.13131.55432.31533.39234.87736.78539.01540.79242.02343.64647.97752.48555.95459.60863.88571.15481.50890.38596.32399.669104.000108.015109.762113.638118.262123.708130.285136.138140.754145.131148.954153.100157.492161.100163.423167.023172.985177.785180.515184.654189.362196.038202.685208.098215.528214.008217.828224.503228.962232.343235.818235.433238.773244.345250.710255.228257.477269.891287.986

Adjust all items less food 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 was 118.262 in the year 1988 and 287.986 in 2022:

287.986 / 118.262 * $20 = $48.70

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $48.70 in 2022 (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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