Personal care products price inflation, 2020→2024

Personal Care Products Inflation Calculator

Prices for Personal Care Products, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for hair, dental, shaving, and miscellaneous personal care products are 17.05% higher in 2024 versus 2020 (a $3.41 difference in value).

Between 2020 and 2024: Personal care products experienced an average inflation rate of 4.01% per year. This rate of change indicates significant inflation. In other words, personal care products costing $20 in the year 2020 would cost $23.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for personal care products was lower.

In the year 2020: Pricing changed by 0.74%, which is significantly below the average yearly change for personal care products during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for personal care products was lower.

Price Inflation for Hair, dental, shaving, and miscellaneous personal care products since 1997

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

Years with the largest changes in pricing: 2023 (7.58%), 2022 (6.08%), and 2024 (2.52%).

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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Personal care products, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	0.74%
2021	$20.01	0.04%
2022	$21.22	6.08%
2023	$22.83	7.58%
2024	$23.41	2.52%*

* 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 Hair, dental, shaving, and miscellaneous personal care products:

Year	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	100.000	100.700	101.615	103.254	104.354	104.423	102.462	102.100	101.754	102.554	103.606	104.299	105.371	104.251	102.397	103.111	102.820	103.364	103.701	103.084	102.332	102.335	103.021	103.779	103.822	110.134	118.486	121.477

Adjust personal care products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Hair, dental, shaving, and miscellaneous personal care products was 103.779 in the year 2020 and 121.477 in 2024:

121.477 / 103.779 * $20 = $23.41

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $23.41 in 2024 (in the CPI category of Hair, dental, shaving, and miscellaneous personal care products).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Hair, dental, shaving, and miscellaneous personal care products in 1997. In addition to personal care products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.