According to the U.S. Bureau of Labor Statistics, prices for all items less shelter are 1,072.94% higher in 2024 versus 1947 (a $214.59 difference in value).
Between 1947 and 2024: All items less shelter experienced an average inflation rate of 3.25% per year. This rate of change indicates significant inflation. In other words, all items less shelter costing $20 in the year 1947 would cost $234.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.49% during this same period, inflation for all items less shelter was lower.
In the year 1947: Pricing changed by 16.11%, which is significantly above the average yearly change for all items less shelter during the 1947-2024 time period. Compared to inflation for all items in 1947 (14.39%), inflation for all items less shelter was higher.
Below are calculations of equivalent buying power for All items less shelter, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1947 | $20.00 | 16.11% |
1948 | $21.58 | 7.88% |
1949 | $21.19 | -1.80% |
1950 | $21.31 | 0.57% |
1951 | $23.12 | 8.53% |
1952 | $23.59 | 2.01% |
1953 | $23.66 | 0.30% |
1954 | $23.65 | -0.05% |
1955 | $23.52 | -0.54% |
1956 | $23.85 | 1.41% |
1957 | $24.66 | 3.37% |
1958 | $25.36 | 2.85% |
1959 | $25.58 | 0.88% |
1960 | $25.94 | 1.42% |
1961 | $26.25 | 1.18% |
1962 | $26.54 | 1.12% |
1963 | $26.87 | 1.23% |
1964 | $27.21 | 1.28% |
1965 | $27.61 | 1.48% |
1966 | $28.45 | 3.03% |
1967 | $29.19 | 2.60% |
1968 | $30.36 | 4.02% |
1969 | $31.81 | 4.77% |
1970 | $33.41 | 5.01% |
1971 | $34.85 | 4.31% |
1972 | $35.89 | 2.98% |
1973 | $38.28 | 6.66% |
1974 | $42.63 | 11.38% |
1975 | $46.45 | 8.95% |
1976 | $49.14 | 5.79% |
1977 | $52.28 | 6.40% |
1978 | $55.85 | 6.83% |
1979 | $61.54 | 10.18% |
1980 | $68.77 | 11.74% |
1981 | $75.47 | 9.74% |
1982 | $79.78 | 5.72% |
1983 | $82.77 | 3.75% |
1984 | $86.15 | 4.08% |
1985 | $88.73 | 3.00% |
1986 | $89.55 | 0.92% |
1987 | $92.55 | 3.35% |
1988 | $96.07 | 3.80% |
1989 | $100.80 | 4.93% |
1990 | $106.25 | 5.40% |
1991 | $110.66 | 4.15% |
1992 | $113.86 | 2.90% |
1993 | $117.19 | 2.92% |
1994 | $120.06 | 2.44% |
1995 | $123.21 | 2.63% |
1996 | $126.69 | 2.82% |
1997 | $129.29 | 2.05% |
1998 | $130.35 | 0.82% |
1999 | $132.84 | 1.91% |
2000 | $137.40 | 3.43% |
2001 | $140.73 | 2.42% |
2002 | $141.62 | 0.63% |
2003 | $144.74 | 2.21% |
2004 | $148.64 | 2.69% |
2005 | $154.25 | 3.78% |
2006 | $159.11 | 3.15% |
2007 | $163.03 | 2.46% |
2008 | $170.34 | 4.48% |
2009 | $168.55 | -1.05% |
2010 | $172.98 | 2.63% |
2011 | $179.95 | 4.03% |
2012 | $183.60 | 2.03% |
2013 | $185.57 | 1.07% |
2014 | $187.53 | 1.06% |
2015 | $185.15 | -1.27% |
2016 | $185.55 | 0.22% |
2017 | $188.40 | 1.53% |
2018 | $192.17 | 2.00% |
2019 | $194.18 | 1.05% |
2020 | $195.39 | 0.62% |
2021 | $206.56 | 5.71% |
2022 | $225.25 | 9.05% |
2023 | $230.83 | 2.47% |
2024 | $234.59 | 1.63%* |
* 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 shelter:
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 | 14.000 | 14.167 | 14.640 | 14.180 | 13.980 | 14.114 | 14.915 | 16.808 | 18.054 | 18.408 | 18.908 | 20.777 | 24.123 | 26.023 | 25.554 | 25.700 | 27.892 | 28.454 | 28.538 | 28.523 | 28.369 | 28.769 | 29.738 | 30.585 | 30.854 | 31.292 | 31.662 | 32.015 | 32.408 | 32.823 | 33.308 | 34.315 | 35.208 | 36.623 | 38.369 | 40.292 | 42.031 | 43.285 | 46.169 | 51.423 | 56.023 | 59.269 | 63.062 | 67.369 | 74.231 | 82.946 | 91.023 | 96.231 | 99.838 | 103.908 | 107.023 | 108.008 | 111.631 | 115.877 | 121.585 | 128.154 | 133.469 | 137.338 | 141.354 | 144.808 | 148.615 | 152.808 | 155.938 | 157.223 | 160.223 | 165.723 | 169.738 | 170.815 | 174.585 | 179.277 | 186.054 | 191.915 | 196.639 | 205.453 | 203.301 | 208.643 | 217.048 | 221.446 | 223.820 | 226.192 | 223.313 | 223.807 | 227.241 | 231.789 | 234.215 | 235.676 | 249.142 | 271.690 | 278.412 | 282.949 |