Commodities less food and beverages priced at $20 in 2001 $25.73 in 2023

Commodities Less Food And Beverages Inflation Calculator

$

Prices for Commodities Less Food And Beverages, 2001-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 28.67% higher in 2023 versus 2001 (a $5.73 difference in value).

Between 2001 and 2023: Commodities less food and beverages experienced an average inflation rate of 1.15% per year. In other words, commodities less food and beverages costing $20 in the year 2001 would cost $25.73 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for commodities less food and beverages was lower.

In the year 2001: Pricing changed by -0.35%, which is below the average yearly change for commodities less food and beverages during the 2001-2023 time period. Compared to inflation for all items in 2001 (2.83%), inflation for commodities less food and beverages was much 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%).

View price changes for other categories
New cars · Rent of primary residence · Denver, Colorado · New trucks · More

Buying power of $20.00 since 2001

Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$20.00-0.35%
2002$19.56-2.21%
2003$19.610.26%
2004$19.931.66%
2005$20.774.18%
2006$21.272.41%
2007$21.501.12%
2008$22.313.74%
2009$21.05-5.65%
2010$21.924.15%
2011$23.326.35%
2012$23.731.75%
2013$23.54-0.77%
2014$23.26-1.19%
2015$21.74-6.53%
2016$21.19-2.53%
2017$21.461.28%
2018$21.922.11%
2019$21.79-0.56%
2020$21.24-2.54%
2021$23.4710.51%
2022$26.2311.76%
2023$25.73-1.90%*

* 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
CPI38.30039.70841.40843.11544.73845.76247.35452.43857.29260.23163.58567.30875.23185.70093.13896.88599.992103.115105.200101.385104.038107.300111.577117.031120.392123.192125.292126.885128.854131.477132.177130.515132.515137.669137.192134.162134.508136.738142.454145.885147.515153.034144.395150.392159.943162.745161.484159.568149.153145.373147.234150.338149.490145.692161.012179.940176.526

Adjust commodities less food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2001 * 2001 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food and beverages was 137.192 in the year 2001 and 176.526 in 2023:

176.526 / 137.192 * $20 = $25.73

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2001 has the same "purchasing power" as $25.73 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.

» Read more about inflation and investment.