Commodities less food, energy, and used cars and trucks priced at $20 in 2008 $23.06 in 2024

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

$

Prices for Commodities Less Food, Energy, And Used Cars And Trucks, 2008-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food, energy, and used cars and trucks are 15.29% higher in 2024 versus 2008 (a $3.06 difference in value).

Between 2008 and 2024: Commodities less food, energy, and used cars and trucks experienced an average inflation rate of 0.89% per year. In other words, commodities less food, energy, and used cars and trucks costing $20 in the year 2008 would cost $23.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.27% during this same period, inflation for commodities less food, energy, and used cars and trucks was lower.

In the year 2008: Pricing changed by 0.27%, which is below the average yearly change for commodities less food, energy, and used cars and trucks during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), inflation for commodities less food, energy, and used cars and trucks was much 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%).

View price changes for other categories
Milk · Admission to sporting events · Hospital services · Housing · More

Buying power of $20.00 since 2008

Below are calculations of equivalent buying power for Commodities less food, energy, and used cars and trucks, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$20.000.27%
2009$20.371.85%
2010$20.380.08%
2011$20.591.03%
2012$20.861.30%
2013$20.86-0.01%
2014$20.79-0.32%
2015$20.71-0.39%
2016$20.65-0.29%
2017$20.58-0.35%
2018$20.52-0.28%
2019$20.550.11%
2020$20.48-0.30%
2021$21.163.30%
2022$22.606.80%
2023$23.202.68%
2024$23.06-0.63%*

* 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 Commodities less food, energy, and used cars and trucks:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI42.77744.39246.46948.63150.50851.75453.10057.26262.30065.10868.30872.50078.61586.47791.89296.485100.585102.931105.946108.631112.215116.115120.062124.500129.877133.523135.885137.500139.000141.062142.500143.354144.285144.777144.977143.862141.600141.023141.169141.523141.251141.633144.246144.357145.841147.742147.730147.255146.679146.259145.751145.346145.502145.063149.854160.039164.326163.295

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2008 * 2008 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food, energy, and used cars and trucks was 141.633 in the year 2008 and 163.295 in 2024:

163.295 / 141.633 * $20 = $23.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $23.06 in 2024 (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.

» Read more about inflation and investment.