Commodities less food and beverages priced at $20 in 1983 $35.07 in 2023

Commodities Less Food And Beverages Inflation Calculator

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Prices for Commodities Less Food And Beverages, 1983-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 75.34% higher in 2023 versus 1983 (a $15.07 difference in value).

Between 1983 and 2023: Commodities less food and beverages experienced an average inflation rate of 1.41% per year. In other words, commodities less food and beverages costing $20 in the year 1983 would cost $35.07 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation for commodities less food and beverages was lower.

In the year 1983: Pricing changed by 3.21%, which is above the average yearly change for commodities less food and beverages during the 1983-2023 time period. Compared to inflation for all items in 1983 (3.21%), inflation for commodities less food and beverages was lower.

Price Inflation for Commodities less food and beverages since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.92%), 1979 (11.77%), and 2022 (11.76%).

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Buying power of $20.00 since 1983

Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$20.003.21%
1984$20.623.12%
1985$21.042.02%
1986$20.28-3.63%
1987$20.812.62%
1988$21.463.13%
1989$22.323.99%
1990$23.414.89%
1991$24.082.87%
1992$24.642.33%
1993$25.061.70%
1994$25.381.27%
1995$25.771.55%
1996$26.302.04%
1997$26.440.53%
1998$26.11-1.26%
1999$26.511.53%
2000$27.543.89%
2001$27.44-0.35%
2002$26.83-2.21%
2003$26.900.26%
2004$27.351.66%
2005$28.494.18%
2006$29.182.41%
2007$29.511.12%
2008$30.613.74%
2009$28.88-5.65%
2010$30.084.15%
2011$31.996.35%
2012$32.551.75%
2013$32.30-0.77%
2014$31.92-1.19%
2015$29.83-6.53%
2016$29.08-2.53%
2017$29.451.28%
2018$30.072.11%
2019$29.90-0.56%
2020$29.14-2.54%
2021$32.2010.51%
2022$35.9911.76%
2023$35.07-2.56%*

* 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:

Year196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI38.30039.70841.40843.11544.73845.76247.35452.43857.29260.23163.58567.30875.23185.70093.13896.88599.992103.115105.200101.385104.038107.300111.577117.031120.392123.192125.292126.885128.854131.477132.177130.515132.515137.669137.192134.162134.508136.738142.454145.885147.515153.034144.395150.392159.943162.745161.484159.568149.153145.373147.234150.338149.490145.692161.012179.940175.329

Adjust commodities less food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1983 * 1983 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food and beverages was 99.992 in the year 1983 and 175.329 in 2023:

175.329 / 99.992 * $20 = $35.07

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1983 has the same "purchasing power" as $35.07 in 2023 (in the CPI category of Commodities less food and beverages).


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

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