All items less shelter price inflation, 2022→2024

All Items Less Shelter Inflation Calculator

Prices for All Items Less Shelter, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less shelter are 4.23% higher in 2024 versus 2022 (a $0.85 difference in value).

Between 2022 and 2024: All items less shelter experienced an average inflation rate of 2.09% per year. This rate of change indicates significant inflation. In other words, all items less shelter costing $20 in the year 2022 would cost $20.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for all items less shelter was lower.

In the year 2022: Pricing changed by 9.05%, which is significantly above the average yearly change for all items less shelter during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for all items less shelter was higher.

Price Inflation for All items less shelter since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1947 (16.11%), 1942 (12.69%), and 1980 (11.74%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for All items less shelter, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	9.05%
2023	$20.49	2.47%
2024	$20.85	1.71%*

* 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	283.173

Adjust all items less shelter prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less shelter was 271.690 in the year 2022 and 283.173 in 2024:

283.173 / 271.690 * $20 = $20.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $20.85 in 2024 (in the CPI category of All items less shelter).

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