Commodities less food priced at $20 in 1948 $115.03 in 2022

Commodities Less Food Inflation Calculator

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Prices for Commodities Less Food, 1948-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities less food are 475.14% higher in 2022 versus 1948 (a $95.03 difference in value).

Between 1948 and 2022: Commodities less food experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, commodities less food costing $20 in the year 1948 would cost $115.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.42% during this same period, inflation for commodities less food was lower.

In the year 1948: Pricing changed by 7.23%, which is significantly above the average yearly change for commodities less food during the 1948-2022 time period. Compared to inflation for all items in 1948 (7.72%), inflation for commodities less food was lower.

Price Inflation for Commodities less food since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.81%), 1947 (12.59%), and 2022 (11.99%).

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Buying power of $20.00 since 1948

Below are calculations of equivalent buying power for Commodities less food, over time, for $20 beginning in 1948. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1948$20.007.23%
1949$19.60-2.00%
1950$19.700.51%
1951$21.207.61%
1952$21.270.35%
1953$21.340.29%
1954$21.10-1.11%
1955$20.96-0.65%
1956$21.191.08%
1957$21.822.99%
1958$22.061.10%
1959$22.351.31%
1960$22.480.56%
1961$22.530.26%
1962$22.700.75%
1963$22.860.68%
1964$23.060.90%
1965$23.210.63%
1966$23.521.37%
1967$24.112.49%
1968$24.993.67%
1969$26.064.27%
1970$27.144.13%
1971$28.163.77%
1972$28.802.27%
1973$29.793.45%
1974$32.9410.55%
1975$35.969.18%
1976$37.775.04%
1977$39.825.42%
1978$42.145.83%
1979$47.0411.64%
1980$53.5413.81%
1981$58.178.64%
1982$60.514.03%
1983$62.473.24%
1984$64.413.10%
1985$65.732.06%
1986$63.54-3.34%
1987$65.172.56%
1988$67.263.21%
1989$69.943.99%
1990$73.354.88%
1991$75.763.28%
1992$77.552.37%
1993$78.861.69%
1994$79.871.27%
1995$81.081.52%
1996$82.812.13%
1997$83.350.65%
1998$82.42-1.11%
1999$83.701.55%
2000$86.933.86%
2001$86.73-0.23%
2002$84.97-2.04%
2003$85.240.32%
2004$86.701.71%
2005$90.244.09%
2006$92.412.41%
2007$93.521.19%
2008$97.013.73%
2009$91.86-5.30%
2010$95.564.02%
2011$101.446.16%
2012$103.231.76%
2013$102.52-0.69%
2014$101.39-1.10%
2015$95.08-6.23%
2016$92.82-2.37%
2017$94.011.28%
2018$95.972.09%
2019$95.50-0.49%
2020$93.25-2.35%
2021$102.7110.14%
2022$115.0311.99%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI17.77517.96718.78018.68018.44018.56019.60021.74022.68023.86024.82026.52029.86032.02031.38031.54033.94034.06034.16033.78033.56033.92334.93835.32335.78535.98536.07736.34636.59236.92337.15437.66238.60040.01541.72343.44645.08546.10847.70052.73157.56960.46963.74667.46275.31585.71593.12396.877100.015103.115105.238101.723104.331107.677111.969117.431121.285124.162126.262127.869129.815132.577133.438131.954134.000139.177138.862136.031136.462138.800144.477147.954149.720155.310147.071152.990162.409165.264164.129162.323152.217148.608150.505153.646152.898149.298164.441184.161

Adjust commodities less food prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1948 * 1948 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Commodities less food was 32.020 in the year 1948 and 184.161 in 2022:

184.161 / 32.020 * $20 = $115.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1948 has the same "purchasing power" as $115.03 in 2022 (in the CPI category of Commodities less food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Commodities less food in 1935. In addition to commodities less food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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