All items less food price inflation, 2003→2024

All Items Less Food Inflation Calculator

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

According to the U.S. Bureau of Labor Statistics, prices for all items less food are 68.30% higher in 2024 versus 2003 (a $13.66 difference in value).

Between 2003 and 2024: All items less food experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, all items less food costing $20 in the year 2003 would cost $33.66 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 was lower.

In the year 2003: Pricing changed by 2.29%, which is below the average yearly change for all items less food during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), 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%).

View price changes for other categories
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Buying power of $20.00 since 2003

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

Year	USD Value	Inflation Rate
2003	$20.00	2.29%
2004	$20.51	2.55%
2005	$21.23	3.53%
2006	$21.95	3.39%
2007	$22.54	2.67%
2008	$23.34	3.57%
2009	$23.18	-0.71%
2010	$23.59	1.79%
2011	$24.32	3.06%
2012	$24.80	1.99%
2013	$25.17	1.48%
2014	$25.54	1.50%
2015	$25.50	-0.16%
2016	$25.86	1.42%
2017	$26.47	2.33%
2018	$27.15	2.60%
2019	$27.64	1.80%
2020	$27.89	0.88%
2021	$29.23	4.82%
2022	$31.48	7.70%
2023	$32.70	3.86%
2024	$33.66	2.95%*

* 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:

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	2022	2023	2024
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	269.891	290.672	301.881	310.772

Adjust all items less food 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 was 184.654 in the year 2003 and 310.772 in 2024:

310.772 / 184.654 * $20 = $33.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $33.66 in 2024 (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.