According to the U.S. Bureau of Labor Statistics, prices for all items are 92.21% higher in 2024 versus 1998 (a $18.44 difference in value).
Between 1998 and 2024: All items experienced an average inflation rate of 2.54% per year. This rate of change indicates significant inflation. In other words, all items costing $20 in the year 1998 would cost $38.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for all items was similar.
In the year 1998: Pricing changed by 1.55%, which is below the average yearly change for all items during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for all items was similar.
Below are calculations of equivalent buying power for All items, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 1.55% |
| 1999 | $20.44 | 2.19% |
| 2000 | $21.13 | 3.38% |
| 2001 | $21.73 | 2.83% |
| 2002 | $22.07 | 1.59% |
| 2003 | $22.57 | 2.27% |
| 2004 | $23.17 | 2.68% |
| 2005 | $23.96 | 3.39% |
| 2006 | $24.73 | 3.23% |
| 2007 | $25.44 | 2.85% |
| 2008 | $26.42 | 3.84% |
| 2009 | $26.32 | -0.36% |
| 2010 | $26.75 | 1.64% |
| 2011 | $27.60 | 3.16% |
| 2012 | $28.17 | 2.07% |
| 2013 | $28.58 | 1.46% |
| 2014 | $29.05 | 1.62% |
| 2015 | $29.08 | 0.12% |
| 2016 | $29.45 | 1.26% |
| 2017 | $30.07 | 2.13% |
| 2018 | $30.81 | 2.44% |
| 2019 | $31.37 | 1.81% |
| 2020 | $31.75 | 1.23% |
| 2021 | $33.25 | 4.70% |
| 2022 | $35.91 | 8.00% |
| 2023 | $37.38 | 4.12% |
| 2024 | $38.44 | 2.83%* |
* 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:
| Year | 1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 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 | 9.885 | 10.015 | 10.108 | 10.885 | 12.823 | 15.046 | 17.331 | 20.038 | 17.854 | 16.754 | 17.054 | 17.123 | 17.538 | 17.700 | 17.362 | 17.154 | 17.154 | 16.700 | 15.208 | 13.646 | 12.938 | 13.385 | 13.723 | 13.869 | 14.385 | 14.092 | 13.908 | 14.008 | 14.723 | 16.331 | 17.308 | 17.592 | 17.992 | 19.515 | 22.323 | 24.046 | 23.808 | 24.069 | 25.962 | 26.546 | 26.762 | 26.854 | 26.777 | 27.185 | 28.092 | 28.862 | 29.146 | 29.577 | 29.892 | 30.246 | 30.623 | 31.015 | 31.508 | 32.454 | 33.362 | 34.785 | 36.685 | 38.823 | 40.492 | 41.815 | 44.400 | 49.308 | 53.815 | 56.908 | 60.608 | 65.231 | 72.577 | 82.408 | 90.923 | 96.500 | 99.600 | 103.885 | 107.569 | 109.608 | 113.623 | 118.262 | 123.969 | 130.662 | 136.192 | 140.315 | 144.462 | 148.223 | 152.385 | 156.854 | 160.515 | 163.008 | 166.577 | 172.200 | 177.069 | 179.877 | 183.962 | 188.885 | 195.292 | 201.592 | 207.342 | 215.303 | 214.537 | 218.056 | 224.939 | 229.594 | 232.957 | 236.736 | 237.017 | 240.007 | 245.120 | 251.107 | 255.657 | 258.811 | 270.970 | 292.655 | 304.702 | 313.317 |