Commodities less food, energy, and used cars and trucks priced at $20 in 1971 $62.78 in 2022

Commodities Less Food, Energy, And Used Cars And Trucks Inflation Calculator

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Prices for Commodities Less Food, Energy, And Used Cars And Trucks, 1971-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food, energy, and used cars and trucks are 213.91% higher in 2022 versus 1971 (a $42.78 difference in value).

Between 1971 and 2022: Commodities less food, energy, and used cars and trucks experienced an average inflation rate of 2.27% per year. This rate of change indicates significant inflation. In other words, commodities less food, energy, and used cars and trucks costing $20 in the year 1971 would cost $62.78 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for commodities less food, energy, and used cars and trucks was lower.

In the year 1971: Pricing changed by 3.85%, which is above the average yearly change for commodities less food, energy, and used cars and trucks during the 1971-2022 time period. Compared to inflation for all items in 1971 (4.30%), inflation for commodities less food, energy, and used cars and trucks was lower.

Price Inflation for Commodities less food, energy, and used cars and trucks since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (10.03%), 1975 (8.82%), and 1979 (8.40%).

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Buying power of $20.00 since 1971

Below are calculations of equivalent buying power for Commodities less food, energy, and used cars and trucks, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$20.003.85%
1972$20.492.46%
1973$21.022.56%
1974$22.677.86%
1975$24.678.82%
1976$25.774.48%
1977$27.044.93%
1978$28.706.12%
1979$31.118.40%
1980$34.2310.03%
1981$36.376.25%
1982$38.205.02%
1983$39.824.23%
1984$40.702.20%
1985$41.872.89%
1986$42.932.53%
1987$44.423.47%
1988$45.973.50%
1989$47.543.41%
1990$49.303.69%
1991$51.434.32%
1992$52.862.79%
1993$53.801.77%
1994$54.441.19%
1995$55.031.10%
1996$55.851.48%
1997$56.421.02%
1998$56.750.58%
1999$57.120.66%
2000$57.320.35%
2001$57.400.15%
2002$56.95-0.79%
2003$56.06-1.56%
2004$55.83-0.41%
2005$55.890.10%
2006$56.030.25%
2007$55.92-0.19%
2008$56.070.27%
2009$57.111.84%
2010$57.150.08%
2011$57.741.03%
2012$58.491.30%
2013$58.490.00%
2014$58.30-0.32%
2015$58.08-0.39%
2016$57.91-0.29%
2017$57.70-0.35%
2018$57.54-0.28%
2019$57.610.11%
2020$57.43-0.30%
2021$59.333.31%
2022$62.785.82%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food, energy, and used cars and trucks:

Year19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI42.75844.40046.47548.64250.51751.75853.08357.25862.30865.10068.30872.49278.58386.46791.87596.492100.575102.792105.767108.442112.200116.125120.083124.517129.900133.525135.883137.500139.008141.067142.500143.333144.275144.775144.992143.850141.600141.025141.167141.517141.247141.632144.242144.352145.836147.738147.735147.263146.691146.261145.752145.348145.505145.061149.857158.576

Adjust commodities less food, energy, and used cars and trucks prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1971 * 1971 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food, energy, and used cars and trucks was 50.517 in the year 1971 and 158.576 in 2022:

158.576 / 50.517 * $20 = $62.78

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1971 has the same "purchasing power" as $62.78 in 2022 (in the CPI category of Commodities less food, energy, and used cars and trucks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Commodities less food, energy, and used cars and trucks in 1967. In addition to commodities less food, energy, and used cars and trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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