Commodities priced at $20 in 1974 $83.51 in 2024

Commodities Inflation Calculator

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Prices for Commodities, 1974-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities are 317.54% higher in 2024 versus 1974 (a $63.51 difference in value).

Between 1974 and 2024: Commodities experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, commodities costing $20 in the year 1974 would cost $83.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for commodities was lower.

In the year 1974: Pricing changed by 11.98%, which is significantly above the average yearly change for commodities during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for commodities was higher.

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 1974

Below are calculations of equivalent buying power for Commodities, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$20.0011.98%
1975$21.788.90%
1976$22.724.29%
1977$24.025.74%
1978$25.727.09%
1979$28.6611.42%
1980$32.1612.22%
1981$34.868.40%
1982$36.274.04%
1983$37.342.95%
1984$38.603.37%
1985$39.412.10%
1986$39.03-0.96%
1987$40.293.21%
1988$41.703.50%
1989$43.644.67%
1990$45.925.21%
1991$47.363.13%
1992$48.291.97%
1993$49.181.85%
1994$50.021.71%
1995$51.022.00%
1996$52.322.54%
1997$53.051.39%
1998$53.080.06%
1999$54.021.77%
2000$55.793.29%
2001$56.340.98%
2002$56.00-0.62%
2003$56.540.98%
2004$57.872.35%
2005$59.903.50%
2006$61.332.40%
2007$62.652.14%
2008$65.364.33%
2009$63.47-2.90%
2010$65.292.87%
2011$68.765.33%
2012$70.152.02%
2013$70.190.05%
2014$70.290.15%
2015$67.96-3.32%
2016$67.03-1.36%
2017$67.781.12%
2018$69.051.86%
2019$69.290.35%
2020$69.11-0.25%
2021$74.517.81%
2022$82.6310.90%
2023$83.581.16%
2024$83.51-0.09%*

* 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:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI14.87515.06715.72015.04014.78014.92016.08018.40019.94020.12020.72023.28027.72029.58028.72029.12031.72031.96031.86031.56031.30031.57732.57733.31533.35433.60833.83834.10034.43834.76935.18536.09236.76938.10839.85441.70843.16944.46947.75453.47758.23860.73864.22368.77776.63185.99293.21596.97799.838103.208105.377104.369107.723111.492116.700122.785126.623129.115131.508133.754136.431139.892141.838141.923144.431149.185150.654149.723151.185154.738160.162164.000167.509174.764169.698174.566183.862187.577187.670187.943181.703179.236181.242184.617185.266184.799199.227220.936223.492223.290

Adjust commodities prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1974 * 1974 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Commodities was 53.477 in the year 1974 and 223.290 in 2024:

223.290 / 53.477 * $20 = $83.51

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1974 has the same "purchasing power" as $83.51 in 2024 (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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