Commodities less food, energy, and used cars and trucks priced at $20 in 1978 $43.70 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, 1978-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food, energy, and used cars and trucks are 118.49% higher in 2022 versus 1978 (a $23.70 difference in value).

Between 1978 and 2022: Commodities less food, energy, and used cars and trucks experienced an average inflation rate of 1.79% per year. In other words, commodities less food, energy, and used cars and trucks costing $20 in the year 1978 would cost $43.70 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for commodities less food, energy, and used cars and trucks was lower.

In the year 1978: Pricing changed by 6.14%, which is significantly above the average yearly change for commodities less food, energy, and used cars and trucks during the 1978-2022 time period. Compared to inflation for all items in 1978 (7.63%), 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%), 1975 (8.80%), and 1979 (8.44%).

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Buying power of $20.00 since 1978

Below are calculations of equivalent buying power for Commodities less food, energy, and used cars and trucks, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20.006.14%
1979$21.698.44%
1980$23.8610.00%
1981$25.356.26%
1982$26.625.00%
1983$27.754.25%
1984$28.392.33%
1985$29.232.93%
1986$29.972.53%
1987$30.963.30%
1988$32.033.48%
1989$33.123.40%
1990$34.343.70%
1991$35.834.32%
1992$36.832.81%
1993$37.491.77%
1994$37.931.19%
1995$38.341.09%
1996$38.911.48%
1997$39.311.02%
1998$39.550.60%
1999$39.800.65%
2000$39.940.34%
2001$39.990.14%
2002$39.69-0.77%
2003$39.06-1.57%
2004$38.90-0.41%
2005$38.940.10%
2006$39.040.25%
2007$38.97-0.19%
2008$39.070.27%
2009$39.791.85%
2010$39.820.08%
2011$40.231.03%
2012$40.761.30%
2013$40.75-0.01%
2014$40.62-0.32%
2015$40.46-0.39%
2016$40.35-0.29%
2017$40.21-0.35%
2018$40.10-0.28%
2019$40.140.11%
2020$40.02-0.30%
2021$41.343.30%
2022$43.705.70%*
* 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
CPI42.77744.39246.46948.63150.50851.75453.10057.26262.30065.10868.30872.50078.61586.47791.89296.485100.585102.931105.946108.631112.215116.115120.062124.500129.877133.523135.885137.500139.000141.062142.500143.354144.285144.777144.977143.862141.600141.023141.169141.523141.251141.633144.246144.357145.841147.742147.730147.255146.679146.259145.751145.346145.502145.063149.854158.402

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

Start with the inflation rate formula:

CPI in 2022 / CPI in 1978 * 1978 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 72.500 in the year 1978 and 158.402 in 2022:

158.402 / 72.500 * $20 = $43.70

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $43.70 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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