Commodities priced at $20 in 1999 $31.01 in 2023

Commodities Inflation Calculator

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Prices for Commodities, 1999-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities are 55.06% higher in 2023 versus 1999 (a $11.01 difference in value).

Between 1999 and 2023: Commodities experienced an average inflation rate of 1.84% per year. In other words, commodities costing $20 in the year 1999 would cost $31.01 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for commodities was lower.

In the year 1999: Pricing changed by 1.77%, which is below the average yearly change for commodities during the 1999-2023 time period. Compared to inflation for all items in 1999 (2.19%), 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%).

View price changes for other categories
Dental services · Fish and seafood · Chicago, Illinois · Fresh fruits · More

Buying power of $20.00 since 1999

Below are calculations of equivalent buying power for Commodities, over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$20.001.77%
2000$20.663.29%
2001$20.860.98%
2002$20.73-0.62%
2003$20.940.98%
2004$21.432.35%
2005$22.183.50%
2006$22.712.40%
2007$23.202.14%
2008$24.204.33%
2009$23.50-2.90%
2010$24.172.87%
2011$25.465.33%
2012$25.972.02%
2013$25.990.05%
2014$26.030.15%
2015$25.16-3.32%
2016$24.82-1.36%
2017$25.101.12%
2018$25.561.86%
2019$25.650.35%
2020$25.59-0.25%
2021$27.597.81%
2022$30.5910.90%
2023$31.011.37%*

* 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:

Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI14.87515.06715.72015.04014.78014.92016.08018.40019.94020.12020.72023.28027.72029.58028.72029.12031.72031.96031.86031.56031.30031.57732.57733.31533.35433.60833.83834.10034.43834.76935.18536.09236.76938.10839.85441.70843.16944.46947.75453.47758.23860.73864.22368.77776.63185.99293.21596.97799.838103.208105.377104.369107.723111.492116.700122.785126.623129.115131.508133.754136.431139.892141.838141.923144.431149.185150.654149.723151.185154.738160.162164.000167.509174.764169.698174.566183.862187.577187.670187.943181.703179.236181.242184.617185.266184.799199.227220.936223.957

Adjust commodities prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1999 * 1999 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Commodities was 144.431 in the year 1999 and 223.957 in 2023:

223.957 / 144.431 * $20 = $31.01

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $31.01 in 2023 (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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