All items priced at $20 in 2016 → $26.11 in 2024

All Items Inflation Calculator

$

Prices for All Items, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items are 30.54% higher in 2024 versus 2016 (a $6.11 difference in value).

Between 2016 and 2024: All items experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, all items costing $20 in the year 2016 would cost $26.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for all items was similar.

In the year 2016: Pricing changed by 1.26%, which is below the average yearly change for all items during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for all items was similar.

Price Inflation for All items since 1913

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1917 (17.81%), 1918 (17.34%), and 1920 (15.62%).
View price changes for other categories
Film and photographic supplies · Public transportation · Indoor plants and flowers · Fresh fruits · More

Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for All items, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.001.26%
2017$20.432.13%
2018$20.922.44%
2019$21.301.81%
2020$21.571.23%
2021$22.584.70%
2022$24.398.00%
2023$25.394.12%
2024$26.112.83%*

* 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:

Year1913191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.88510.01510.10810.88512.82315.04617.33120.03817.85416.75417.05417.12317.53817.70017.36217.15417.15416.70015.20813.64612.93813.38513.72313.86914.38514.09213.90814.00814.72316.33117.30817.59217.99219.51522.32324.04623.80824.06925.96226.54626.76226.85426.77727.18528.09228.86229.14629.57729.89230.24630.62331.01531.50832.45433.36234.78536.68538.82340.49241.81544.40049.30853.81556.90860.60865.23172.57782.40890.92396.50099.600103.885107.569109.608113.623118.262123.969130.662136.192140.315144.462148.223152.385156.854160.515163.008166.577172.200177.069179.877183.962188.885195.292201.592207.342215.303214.537218.056224.939229.594232.957236.736237.017240.007245.120251.107255.657258.811270.970292.655304.702313.317

Adjust all items prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items was 240.007 in the year 2016 and 313.317 in 2024:

313.317 / 240.007 * $20 = $26.11

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.11 in 2024 (in the CPI category of All items).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items in 1913. In addition to all items, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.