Commodities less food and beverages priced at $20 in 2018 $22.92 in 2024

Commodities Less Food And Beverages Inflation Calculator

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Prices for Commodities Less Food And Beverages, 2018-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 14.62% higher in 2024 versus 2018 (a $2.92 difference in value).

Between 2018 and 2024: Commodities less food and beverages experienced an average inflation rate of 2.30% per year. This rate of change indicates significant inflation. In other words, commodities less food and beverages costing $20 in the year 2018 would cost $22.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.49% during this same period, inflation for commodities less food and beverages was lower.

In the year 2018: Pricing changed by 2.11%, which is below the average yearly change for commodities less food and beverages during the 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), 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%).

View price changes for other categories
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Buying power of $20.00 since 2018

Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2018$20.002.11%
2019$19.89-0.56%
2020$19.38-2.54%
2021$21.4210.51%
2022$23.9411.76%
2023$23.59-1.45%
2024$22.92-2.82%*

* 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:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI38.30039.70841.40843.11544.73845.76247.35452.43857.29260.23163.58567.30875.23185.70093.13896.88599.992103.115105.200101.385104.038107.300111.577117.031120.392123.192125.292126.885128.854131.477132.177130.515132.515137.669137.192134.162134.508136.738142.454145.885147.515153.034144.395150.392159.943162.745161.484159.568149.153145.373147.234150.338149.490145.692161.012179.940177.334172.324

Adjust commodities less food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2018 * 2018 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food and beverages was 150.338 in the year 2018 and 172.324 in 2024:

172.324 / 150.338 * $20 = $22.92

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $22.92 in 2024 (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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