Commodities less food and beverages priced at $20 in 2003 $26.78 in 2022

Commodities Less Food And Beverages Inflation Calculator

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Prices for Commodities Less Food And Beverages, 2003-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 33.91% higher in 2022 versus 2003 (a $6.78 difference in value).

Between 2003 and 2022: Commodities less food and beverages experienced an average inflation rate of 1.55% per year. In other words, commodities less food and beverages costing $20 in the year 2003 would cost $26.78 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for commodities less food and beverages was lower.

In the year 2003: Pricing changed by 0.26%, which is below the average yearly change for commodities less food and beverages during the 2003-2022 time period. Compared to inflation for all items in 2003 (2.27%), 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%), 2022 (11.87%), and 1979 (11.77%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.000.26%
2004$20.331.66%
2005$21.184.18%
2006$21.692.41%
2007$21.931.12%
2008$22.753.74%
2009$21.47-5.65%
2010$22.364.15%
2011$23.786.35%
2012$24.201.75%
2013$24.01-0.77%
2014$23.73-1.19%
2015$22.18-6.53%
2016$21.62-2.53%
2017$21.891.28%
2018$22.352.11%
2019$22.23-0.56%
2020$21.66-2.54%
2021$23.9410.51%
2022$26.7811.87%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food and beverages:

Year19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI38.30039.70841.40843.11544.73845.76247.35452.43857.29260.23163.58567.30875.23185.70093.13896.88599.992103.115105.200101.385104.038107.300111.577117.031120.392123.192125.292126.885128.854131.477132.177130.515132.515137.669137.192134.162134.508136.738142.454145.885147.515153.034144.395150.392159.943162.745161.484159.568149.153145.373147.234150.338149.490145.692161.012180.117

Adjust commodities less food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2003 * 2003 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food and beverages was 134.508 in the year 2003 and 180.117 in 2022:

180.117 / 134.508 * $20 = $26.78

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $26.78 in 2022 (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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