Commodities less food and energy commodities priced at $20 in 2004 $23.60 in 2022

Commodities Less Food And Energy Commodities Inflation Calculator

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Prices for Commodities Less Food And Energy Commodities, 2004-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities are 17.99% higher in 2022 versus 2004 (a $3.60 difference in value).

Between 2004 and 2022: Commodities less food and energy commodities experienced an average inflation rate of 0.92% per year. In other words, commodities less food and energy commodities costing $20 in the year 2004 would cost $23.60 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation for commodities less food and energy commodities was lower.

In the year 2004: Pricing changed by -0.93%, which is below the average yearly change for commodities less food and energy commodities during the 2004-2022 time period. Compared to inflation for all items in 2004 (2.68%), inflation for commodities less food and energy commodities was much 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%).

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Buying power of $20.00 since 2004

Below are calculations of equivalent buying power for Commodities less food and energy commodities, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$20.00-0.93%
2005$20.100.51%
2006$20.150.25%
2007$20.07-0.42%
2008$20.100.14%
2009$20.351.28%
2010$20.581.09%
2011$20.851.33%
2012$21.111.26%
2013$21.10-0.04%
2014$21.03-0.35%
2015$20.93-0.47%
2016$20.84-0.47%
2017$20.69-0.70%
2018$20.64-0.23%
2019$20.690.22%
2020$20.720.15%
2021$22.036.35%
2022$23.607.10%*
* 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 energy commodities:

Year195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI37.36937.84638.36938.51538.63138.94639.20039.62339.79240.29241.25442.84644.73146.70048.52349.67751.06254.96960.12363.20066.46970.43876.35483.54689.96295.346100.208104.423107.154108.592111.800115.754119.608123.638128.762132.454135.231137.138139.315141.285142.331143.154144.138144.862145.285143.692140.877139.569140.285140.638140.053140.246142.041143.588145.499147.331147.279146.770146.080145.396144.377144.051144.361144.571153.757164.677

Adjust commodities less food and energy commodities prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2004 * 2004 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food and energy commodities was 139.569 in the year 2004 and 164.677 in 2022:

164.677 / 139.569 * $20 = $23.60

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $23.60 in 2022 (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.

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