According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 7.83% higher in 2024 versus 2012 (a $1.57 difference in value).
Between 2012 and 2024: Commodities less food and beverages experienced an average inflation rate of 0.63% per year. In other words, commodities less food and beverages costing $20 in the year 2012 would cost $21.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.59% during this same period, inflation for commodities less food and beverages was lower.
In the year 2012: Pricing changed by 1.75%, which is above the average yearly change for commodities less food and beverages during the 2012-2024 time period. Compared to inflation for all items in 2012 (2.07%), 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 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2012 | $20.00 | 1.75% |
| 2013 | $19.85 | -0.77% |
| 2014 | $19.61 | -1.19% |
| 2015 | $18.33 | -6.53% |
| 2016 | $17.87 | -2.53% |
| 2017 | $18.09 | 1.28% |
| 2018 | $18.48 | 2.11% |
| 2019 | $18.37 | -0.56% |
| 2020 | $17.90 | -2.54% |
| 2021 | $19.79 | 10.51% |
| 2022 | $22.11 | 11.76% |
| 2023 | $21.79 | -1.45% |
| 2024 | $21.57 | -1.04%* |
* 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 | 175.484 |