Commodities priced at $20 in 1972 $98.50 in 2022

Commodities Inflation Calculator

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Prices for Commodities, 1972-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities are 392.51% higher in 2022 versus 1972 (a $78.50 difference in value).

Between 1972 and 2022: Commodities experienced an average inflation rate of 3.24% per year. This rate of change indicates significant inflation. In other words, commodities costing $20 in the year 1972 would cost $98.50 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for commodities was lower.

In the year 1972: Pricing changed by 3.01%, which is below the average yearly change for commodities during the 1972-2022 time period. Compared to inflation for all items in 1972 (3.27%), inflation for commodities was lower.

Price Inflation for Commodities since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (19.07%), 1942 (14.43%), and 1946 (12.36%).

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Buying power of $20.00 since 1972

Below are calculations of equivalent buying power for Commodities, over time, for $20 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$20.003.01%
1973$21.487.39%
1974$24.0511.98%
1975$26.198.90%
1976$27.324.29%
1977$28.885.74%
1978$30.937.09%
1979$34.4611.42%
1980$38.6712.22%
1981$41.928.40%
1982$43.624.04%
1983$44.902.95%
1984$46.423.37%
1985$47.392.10%
1986$46.94-0.96%
1987$48.453.21%
1988$50.143.50%
1989$52.494.67%
1990$55.225.21%
1991$56.953.13%
1992$58.071.97%
1993$59.151.85%
1994$60.161.71%
1995$61.362.00%
1996$62.922.54%
1997$63.791.39%
1998$63.830.06%
1999$64.961.77%
2000$67.103.29%
2001$67.760.98%
2002$67.34-0.62%
2003$68.000.98%
2004$69.592.35%
2005$72.033.50%
2006$73.762.40%
2007$75.342.14%
2008$78.604.33%
2009$76.32-2.90%
2010$78.512.87%
2011$82.695.33%
2012$84.362.02%
2013$84.400.05%
2014$84.530.15%
2015$81.72-3.32%
2016$80.61-1.36%
2017$81.511.12%
2018$83.031.86%
2019$83.320.35%
2020$83.11-0.25%
2021$89.607.81%
2022$98.509.93%*
* Not final. See inflation summary for latest details.

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

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI14.87515.06715.72015.04014.78014.92016.08018.40019.94020.12020.72023.28027.72029.58028.72029.12031.72031.96031.86031.56031.30031.57732.57733.31533.35433.60833.83834.10034.43834.76935.18536.09236.76938.10839.85441.70843.16944.46947.75453.47758.23860.73864.22368.77776.63185.99293.21596.97799.838103.208105.377104.369107.723111.492116.700122.785126.623129.115131.508133.754136.431139.892141.838141.923144.431149.185150.654149.723151.185154.738160.162164.000167.509174.764169.698174.566183.862187.577187.670187.943181.703179.236181.242184.617185.266184.799199.227219.014

Adjust commodities prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1972 * 1972 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Commodities was 44.469 in the year 1972 and 219.014 in 2022:

219.014 / 44.469 * $20 = $98.50

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1972 has the same "purchasing power" as $98.50 in 2022 (in the CPI category of Commodities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Commodities in 1935. In addition to 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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