All items priced at $20 in 2022 $20.59 in 2023

All Items Inflation Calculator


Prices for All Items, 2022-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items are 2.95% higher in 2023 versus 2022 (a $0.59 difference in value).

Between 2022 and 2023: All items experienced an average inflation rate of 2.95% per year. This rate of change indicates significant inflation. In other words, all items costing $20 in the year 2022 would cost $20.59 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation for all items was similar.

In the year 2022: Pricing changed by 8%, which is significantly above the average yearly change for all items during the 2022-2023 time period. Compared to inflation for all items in 2022 (8%), 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%).

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Fresh fruits · Wireless telephone services · Jewelry · Educational books and supplies · More

Buying power of $20.00 since 2022

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

YearUSD ValueInflation Rate

* 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:


Adjust all items prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2022 * 2022 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for All items was 292.655 in the year 2022 and 301.302 in 2023:

301.302 / 292.655 * $20 = $20.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $20.59 in 2023 (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.

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