According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 233.62% higher in 2024 versus 1974 (a $46.72 difference in value).
Between 1974 and 2024: Commodities less food and beverages experienced an average inflation rate of 2.44% per year. This rate of change indicates significant inflation. In other words, commodities less food and beverages costing $20 in the year 1974 would cost $66.72 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for commodities less food and beverages was lower.
In the year 1974: Pricing changed by 10.74%, which is significantly above the average yearly change for commodities less food and beverages during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for commodities less food and beverages was lower.
Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $20.00 | 10.74% |
| 1975 | $21.85 | 9.26% |
| 1976 | $22.97 | 5.13% |
| 1977 | $24.25 | 5.57% |
| 1978 | $25.67 | 5.86% |
| 1979 | $28.69 | 11.77% |
| 1980 | $32.69 | 13.92% |
| 1981 | $35.52 | 8.68% |
| 1982 | $36.95 | 4.02% |
| 1983 | $38.14 | 3.21% |
| 1984 | $39.33 | 3.12% |
| 1985 | $40.12 | 2.02% |
| 1986 | $38.67 | -3.63% |
| 1987 | $39.68 | 2.62% |
| 1988 | $40.92 | 3.13% |
| 1989 | $42.56 | 3.99% |
| 1990 | $44.64 | 4.89% |
| 1991 | $45.92 | 2.87% |
| 1992 | $46.99 | 2.33% |
| 1993 | $47.79 | 1.70% |
| 1994 | $48.39 | 1.27% |
| 1995 | $49.14 | 1.55% |
| 1996 | $50.15 | 2.04% |
| 1997 | $50.41 | 0.53% |
| 1998 | $49.78 | -1.26% |
| 1999 | $50.54 | 1.53% |
| 2000 | $52.51 | 3.89% |
| 2001 | $52.33 | -0.35% |
| 2002 | $51.17 | -2.21% |
| 2003 | $51.30 | 0.26% |
| 2004 | $52.15 | 1.66% |
| 2005 | $54.33 | 4.18% |
| 2006 | $55.64 | 2.41% |
| 2007 | $56.26 | 1.12% |
| 2008 | $58.37 | 3.74% |
| 2009 | $55.07 | -5.65% |
| 2010 | $57.36 | 4.15% |
| 2011 | $61.00 | 6.35% |
| 2012 | $62.07 | 1.75% |
| 2013 | $61.59 | -0.77% |
| 2014 | $60.86 | -1.19% |
| 2015 | $56.89 | -6.53% |
| 2016 | $55.45 | -2.53% |
| 2017 | $56.16 | 1.28% |
| 2018 | $57.34 | 2.11% |
| 2019 | $57.02 | -0.56% |
| 2020 | $55.57 | -2.54% |
| 2021 | $61.41 | 10.51% |
| 2022 | $68.63 | 11.76% |
| 2023 | $67.63 | -1.45% |
| 2024 | $66.72 | -1.35%* |
* 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 and beverages:
| Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 38.300 | 39.708 | 41.408 | 43.115 | 44.738 | 45.762 | 47.354 | 52.438 | 57.292 | 60.231 | 63.585 | 67.308 | 75.231 | 85.700 | 93.138 | 96.885 | 99.992 | 103.115 | 105.200 | 101.385 | 104.038 | 107.300 | 111.577 | 117.031 | 120.392 | 123.192 | 125.292 | 126.885 | 128.854 | 131.477 | 132.177 | 130.515 | 132.515 | 137.669 | 137.192 | 134.162 | 134.508 | 136.738 | 142.454 | 145.885 | 147.515 | 153.034 | 144.395 | 150.392 | 159.943 | 162.745 | 161.484 | 159.568 | 149.153 | 145.373 | 147.234 | 150.338 | 149.490 | 145.692 | 161.012 | 179.940 | 177.334 | 174.943 |