According to the U.S. Bureau of Labor Statistics, prices for commodities less food are 238.95% higher in 2024 versus 1974 (a $47.79 difference in value).
Between 1974 and 2024: Commodities less food experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, commodities less food costing $20 in the year 1974 would cost $67.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for commodities less food was lower.
In the year 1974: Pricing changed by 10.55%, which is significantly above the average yearly change for commodities less food during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for commodities less food was lower.
Below are calculations of equivalent buying power for Commodities less food, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $20.00 | 10.55% |
| 1975 | $21.84 | 9.18% |
| 1976 | $22.94 | 5.04% |
| 1977 | $24.18 | 5.42% |
| 1978 | $25.59 | 5.83% |
| 1979 | $28.57 | 11.64% |
| 1980 | $32.51 | 13.81% |
| 1981 | $35.32 | 8.64% |
| 1982 | $36.74 | 4.03% |
| 1983 | $37.93 | 3.24% |
| 1984 | $39.11 | 3.10% |
| 1985 | $39.92 | 2.06% |
| 1986 | $38.58 | -3.34% |
| 1987 | $39.57 | 2.56% |
| 1988 | $40.84 | 3.21% |
| 1989 | $42.47 | 3.99% |
| 1990 | $44.54 | 4.88% |
| 1991 | $46.00 | 3.28% |
| 1992 | $47.09 | 2.37% |
| 1993 | $47.89 | 1.69% |
| 1994 | $48.50 | 1.27% |
| 1995 | $49.24 | 1.52% |
| 1996 | $50.28 | 2.13% |
| 1997 | $50.61 | 0.65% |
| 1998 | $50.05 | -1.11% |
| 1999 | $50.82 | 1.55% |
| 2000 | $52.79 | 3.86% |
| 2001 | $52.67 | -0.23% |
| 2002 | $51.59 | -2.04% |
| 2003 | $51.76 | 0.32% |
| 2004 | $52.64 | 1.71% |
| 2005 | $54.80 | 4.09% |
| 2006 | $56.12 | 2.41% |
| 2007 | $56.79 | 1.19% |
| 2008 | $58.91 | 3.73% |
| 2009 | $55.78 | -5.30% |
| 2010 | $58.03 | 4.02% |
| 2011 | $61.60 | 6.16% |
| 2012 | $62.68 | 1.76% |
| 2013 | $62.25 | -0.69% |
| 2014 | $61.57 | -1.10% |
| 2015 | $57.73 | -6.23% |
| 2016 | $56.36 | -2.37% |
| 2017 | $57.08 | 1.28% |
| 2018 | $58.28 | 2.09% |
| 2019 | $57.99 | -0.49% |
| 2020 | $56.63 | -2.35% |
| 2021 | $62.37 | 10.14% |
| 2022 | $69.52 | 11.46% |
| 2023 | $68.64 | -1.26% |
| 2024 | $67.79 | -1.24%* |
* 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 | 178.728 |