Cosmetics price inflation, 2023→2024

Cosmetics Inflation Calculator

Prices for Cosmetics, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cosmetics, perfume, bath, nail preparations and implements are 0.25% higher in 2024 versus 2023 (a $0.05 difference in value).

Between 2023 and 2024: Cosmetics experienced an average inflation rate of 0.25% per year. In other words, cosmetics costing $20 in the year 2023 would cost $20.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for cosmetics was lower.

In the year 2023: Pricing changed by 4.01%, which is significantly above the average yearly change for cosmetics during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for cosmetics was lower.

Price Inflation for Cosmetics, perfume, bath, nail preparations and implements since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1981 (8.47%), 1982 (8.43%), and 1980 (8.13%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Cosmetics, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	4.01%
2024	$20.05	0.25%*

* 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 Cosmetics, perfume, bath, nail preparations and implements:

Year	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	68.400	69.731	74.600	80.662	87.492	94.869	100.646	104.485	108.077	111.938	114.600	118.477	122.992	128.631	134.585	136.469	140.485	144.538	145.238	148.223	151.700	159.285	165.292	166.785	168.123	167.185	167.992	169.508	171.315	173.123	177.001	178.037	183.638	182.171	184.268	186.689	186.364	189.252	188.160	188.828	186.960	186.320	182.827	179.464	178.504	182.450	189.773	190.241

Adjust cosmetics prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cosmetics, perfume, bath, nail preparations and implements was 189.773 in the year 2023 and 190.241 in 2024:

190.241 / 189.773 * $20 = $20.05

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.05 in 2024 (in the CPI category of Cosmetics, perfume, bath, nail preparations and implements).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cosmetics, perfume, bath, nail preparations and implements in 1977. In addition to cosmetics, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.