Commodities less food and energy commodities priced at $20 in 1987 $29.66 in 2023

Commodities Less Food And Energy Commodities Inflation Calculator

$

Prices for Commodities Less Food And Energy Commodities, 1987-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities are 48.29% higher in 2023 versus 1987 (a $9.66 difference in value).

Between 1987 and 2023: Commodities less food and energy commodities experienced an average inflation rate of 1.10% per year. In other words, commodities less food and energy commodities costing $20 in the year 1987 would cost $29.66 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation for commodities less food and energy commodities was lower.

In the year 1987: Pricing changed by 2.95%, which is above the average yearly change for commodities less food and energy commodities during the 1987-2023 time period. Compared to inflation for all items in 1987 (3.66%), inflation for commodities less food and energy commodities was lower.

Price Inflation for Commodities less food and energy commodities since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (9.42%), 1975 (9.38%), and 1979 (8.40%).

View price changes for other categories
Admission to sporting events · Denver, Colorado · Tampa, Florida · Frankfurters · More

Buying power of $20.00 since 1987

Below are calculations of equivalent buying power for Commodities less food and energy commodities, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$20.002.95%
1988$20.713.54%
1989$21.403.33%
1990$22.123.37%
1991$23.034.14%
1992$23.692.87%
1993$24.192.10%
1994$24.531.41%
1995$24.921.59%
1996$25.271.41%
1997$25.460.74%
1998$25.610.58%
1999$25.790.69%
2000$25.910.50%
2001$25.990.29%
2002$25.71-1.10%
2003$25.20-1.96%
2004$24.97-0.93%
2005$25.100.51%
2006$25.160.25%
2007$25.05-0.42%
2008$25.090.14%
2009$25.411.28%
2010$25.691.09%
2011$26.031.33%
2012$26.361.26%
2013$26.35-0.04%
2014$26.26-0.35%
2015$26.13-0.47%
2016$26.01-0.47%
2017$25.83-0.70%
2018$25.77-0.23%
2019$25.820.22%
2020$25.860.15%
2021$27.516.35%
2022$29.607.62%
2023$29.660.19%*

* 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 energy commodities:

Year1957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI37.36937.84638.36938.51538.63138.94639.20039.62339.79240.29241.25442.84644.73146.70048.52349.67751.06254.96960.12363.20066.46970.43876.35483.54689.96295.346100.208104.423107.154108.592111.800115.754119.608123.638128.762132.454135.231137.138139.315141.285142.331143.154144.138144.862145.285143.692140.877139.569140.285140.638140.053140.246142.041143.588145.499147.331147.279146.770146.080145.396144.377144.051144.361144.571153.757165.479165.793

Adjust commodities less food and energy commodities prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1987 * 1987 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food and energy commodities was 111.800 in the year 1987 and 165.793 in 2023:

165.793 / 111.800 * $20 = $29.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $29.66 in 2023 (in the CPI category of Commodities less food and energy commodities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Commodities less food and energy commodities in 1957. In addition to commodities less food and energy commodities, 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.