According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities are 15.45% higher in 2024 versus 1998 (a $3.09 difference in value).
Between 1998 and 2024: Commodities less food and energy commodities experienced an average inflation rate of 0.55% per year. In other words, commodities less food and energy commodities costing $20 in the year 1998 would cost $23.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for commodities less food and energy commodities was lower.
In the year 1998: Pricing changed by 0.58%, which is above the average yearly change for commodities less food and energy commodities during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for commodities less food and energy commodities was lower.
Below are calculations of equivalent buying power for Commodities less food and energy commodities, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 0.58% |
| 1999 | $20.14 | 0.69% |
| 2000 | $20.24 | 0.50% |
| 2001 | $20.30 | 0.29% |
| 2002 | $20.08 | -1.10% |
| 2003 | $19.68 | -1.96% |
| 2004 | $19.50 | -0.93% |
| 2005 | $19.60 | 0.51% |
| 2006 | $19.65 | 0.25% |
| 2007 | $19.57 | -0.42% |
| 2008 | $19.59 | 0.14% |
| 2009 | $19.84 | 1.28% |
| 2010 | $20.06 | 1.09% |
| 2011 | $20.33 | 1.33% |
| 2012 | $20.58 | 1.26% |
| 2013 | $20.58 | -0.04% |
| 2014 | $20.51 | -0.35% |
| 2015 | $20.41 | -0.47% |
| 2016 | $20.31 | -0.47% |
| 2017 | $20.17 | -0.70% |
| 2018 | $20.13 | -0.23% |
| 2019 | $20.17 | 0.22% |
| 2020 | $20.20 | 0.15% |
| 2021 | $21.48 | 6.35% |
| 2022 | $23.12 | 7.62% |
| 2023 | $23.32 | 0.89% |
| 2024 | $23.09 | -1.00%* |
* 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:
| Year | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 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 | 37.369 | 37.846 | 38.369 | 38.515 | 38.631 | 38.946 | 39.200 | 39.623 | 39.792 | 40.292 | 41.254 | 42.846 | 44.731 | 46.700 | 48.523 | 49.677 | 51.062 | 54.969 | 60.123 | 63.200 | 66.469 | 70.438 | 76.354 | 83.546 | 89.962 | 95.346 | 100.208 | 104.423 | 107.154 | 108.592 | 111.800 | 115.754 | 119.608 | 123.638 | 128.762 | 132.454 | 135.231 | 137.138 | 139.315 | 141.285 | 142.331 | 143.154 | 144.138 | 144.862 | 145.285 | 143.692 | 140.877 | 139.569 | 140.285 | 140.638 | 140.053 | 140.246 | 142.041 | 143.588 | 145.499 | 147.331 | 147.279 | 146.770 | 146.080 | 145.396 | 144.377 | 144.051 | 144.361 | 144.571 | 153.757 | 165.479 | 166.947 | 165.274 |