According to the U.S. Bureau of Labor Statistics, prices for commodities less food are 311.90% higher in 2024 versus 1970 (a $62.38 difference in value).
Between 1970 and 2024: Commodities less food experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, commodities less food costing $20 in the year 1970 would cost $82.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for commodities less food was lower.
In the year 1970: Pricing changed by 4.13%, which is above the average yearly change for commodities less food during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for commodities less food was lower.
Below are calculations of equivalent buying power for Commodities less food, over time, for $20 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $20.00 | 4.13% |
1971 | $20.75 | 3.77% |
1972 | $21.23 | 2.27% |
1973 | $21.96 | 3.45% |
1974 | $24.27 | 10.55% |
1975 | $26.50 | 9.18% |
1976 | $27.84 | 5.04% |
1977 | $29.34 | 5.42% |
1978 | $31.06 | 5.83% |
1979 | $34.67 | 11.64% |
1980 | $39.46 | 13.81% |
1981 | $42.87 | 8.64% |
1982 | $44.60 | 4.03% |
1983 | $46.04 | 3.24% |
1984 | $47.47 | 3.10% |
1985 | $48.45 | 2.06% |
1986 | $46.83 | -3.34% |
1987 | $48.03 | 2.56% |
1988 | $49.57 | 3.21% |
1989 | $51.54 | 3.99% |
1990 | $54.06 | 4.88% |
1991 | $55.83 | 3.28% |
1992 | $57.16 | 2.37% |
1993 | $58.12 | 1.69% |
1994 | $58.86 | 1.27% |
1995 | $59.76 | 1.52% |
1996 | $61.03 | 2.13% |
1997 | $61.43 | 0.65% |
1998 | $60.74 | -1.11% |
1999 | $61.69 | 1.55% |
2000 | $64.07 | 3.86% |
2001 | $63.92 | -0.23% |
2002 | $62.62 | -2.04% |
2003 | $62.82 | 0.32% |
2004 | $63.90 | 1.71% |
2005 | $66.51 | 4.09% |
2006 | $68.11 | 2.41% |
2007 | $68.92 | 1.19% |
2008 | $71.50 | 3.73% |
2009 | $67.70 | -5.30% |
2010 | $70.43 | 4.02% |
2011 | $74.76 | 6.16% |
2012 | $76.08 | 1.76% |
2013 | $75.56 | -0.69% |
2014 | $74.72 | -1.10% |
2015 | $70.07 | -6.23% |
2016 | $68.41 | -2.37% |
2017 | $69.28 | 1.28% |
2018 | $70.73 | 2.09% |
2019 | $70.38 | -0.49% |
2020 | $68.73 | -2.35% |
2021 | $75.70 | 10.14% |
2022 | $84.37 | 11.46% |
2023 | $83.31 | -1.26% |
2024 | $82.38 | -1.12%* |
* 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:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 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 | 17.775 | 17.967 | 18.780 | 18.680 | 18.440 | 18.560 | 19.600 | 21.740 | 22.680 | 23.860 | 24.820 | 26.520 | 29.860 | 32.020 | 31.380 | 31.540 | 33.940 | 34.060 | 34.160 | 33.780 | 33.560 | 33.923 | 34.938 | 35.323 | 35.785 | 35.985 | 36.077 | 36.346 | 36.592 | 36.923 | 37.154 | 37.662 | 38.600 | 40.015 | 41.723 | 43.446 | 45.085 | 46.108 | 47.700 | 52.731 | 57.569 | 60.469 | 63.746 | 67.462 | 75.315 | 85.715 | 93.123 | 96.877 | 100.015 | 103.115 | 105.238 | 101.723 | 104.331 | 107.677 | 111.969 | 117.431 | 121.285 | 124.162 | 126.262 | 127.869 | 129.815 | 132.577 | 133.438 | 131.954 | 134.000 | 139.177 | 138.862 | 136.031 | 136.462 | 138.800 | 144.477 | 147.954 | 149.720 | 155.310 | 147.071 | 152.990 | 162.409 | 165.264 | 164.129 | 162.323 | 152.217 | 148.608 | 150.505 | 153.646 | 152.898 | 149.298 | 164.441 | 183.284 | 180.980 | 178.957 |