According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 34.04% higher in 2024 versus 1998 (a $6.81 difference in value).
Between 1998 and 2024: Commodities less food and beverages experienced an average inflation rate of 1.13% per year. In other words, commodities less food and beverages costing $20 in the year 1998 would cost $26.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for commodities less food and beverages was lower.
In the year 1998: Pricing changed by -1.26%, which is below the average yearly change for commodities less food and beverages during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), 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 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | -1.26% |
| 1999 | $20.31 | 1.53% |
| 2000 | $21.10 | 3.89% |
| 2001 | $21.02 | -0.35% |
| 2002 | $20.56 | -2.21% |
| 2003 | $20.61 | 0.26% |
| 2004 | $20.95 | 1.66% |
| 2005 | $21.83 | 4.18% |
| 2006 | $22.36 | 2.41% |
| 2007 | $22.61 | 1.12% |
| 2008 | $23.45 | 3.74% |
| 2009 | $22.13 | -5.65% |
| 2010 | $23.05 | 4.15% |
| 2011 | $24.51 | 6.35% |
| 2012 | $24.94 | 1.75% |
| 2013 | $24.75 | -0.77% |
| 2014 | $24.45 | -1.19% |
| 2015 | $22.86 | -6.53% |
| 2016 | $22.28 | -2.53% |
| 2017 | $22.56 | 1.28% |
| 2018 | $23.04 | 2.11% |
| 2019 | $22.91 | -0.56% |
| 2020 | $22.33 | -2.54% |
| 2021 | $24.67 | 10.51% |
| 2022 | $27.57 | 11.76% |
| 2023 | $27.17 | -1.45% |
| 2024 | $26.81 | -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 |