Commodities less food, energy, and used cars and trucks priced at $20 in 2023 $19.95 in 2024

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, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food, energy, and used cars and trucks are 0.25% lower in 2024 versus 2023 (a $0.05 difference in value).

Between 2023 and 2024: Commodities less food, energy, and used cars and trucks experienced an average inflation rate of -0.25% per year. In other words, commodities less food, energy, and used cars and trucks costing $20 in the year 2023 would cost $19.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for commodities less food, energy, and used cars and trucks was lower.

In the year 2023: Pricing changed by 2.68%, which is above the average yearly change for commodities less food, energy, and used cars and trucks during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023

Below are calculations of equivalent buying power for Commodities less food, energy, and used cars and trucks, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.002.68%
2024$19.95-0.25%*

* 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
CPI42.77744.39246.46948.63150.50851.75453.10057.26262.30065.10868.30872.50078.61586.47791.89296.485100.585102.931105.946108.631112.215116.115120.062124.500129.877133.523135.885137.500139.000141.062142.500143.354144.285144.777144.977143.862141.600141.023141.169141.523141.251141.633144.246144.357145.841147.742147.730147.255146.679146.259145.751145.346145.502145.063149.854160.039164.326163.920

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 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 164.326 in the year 2023 and 163.920 in 2024:

163.920 / 164.326 * $20 = $19.95

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.95 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.

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