Nondurables less food, beverages, and apparel price inflation, 2023→2024

Nondurables Less Food, Beverages, And Apparel Inflation Calculator

Prices for Nondurables Less Food, Beverages, And Apparel, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nondurables less food, beverages, and apparel are 0.72% lower in 2024 versus 2023 (a $0.14 difference in value).

Between 2023 and 2024: Nondurables less food, beverages, and apparel experienced an average inflation rate of -0.72% per year. In other words, nondurables less food, beverages, and apparel costing $20 in the year 2023 would cost $19.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for nondurables less food, beverages, and apparel was significantly lower.

In the year 2023: Pricing changed by -2.60%, which is below the average yearly change for nondurables less food, beverages, and apparel during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for nondurables less food, beverages, and apparel was much lower.

Price Inflation for Nondurables less food, beverages, and apparel since 1967

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

Years with the largest changes in pricing: 1980 (23.63%), 1979 (18.86%), and 1974 (18.23%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Nondurables less food, beverages, and apparel, 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	-2.60%
2024	$19.86	-0.72%*

* 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 Nondurables less food, beverages, and apparel:

Year	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	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	31.215	32.185	33.377	34.615	35.838	36.800	38.577	45.608	50.269	52.900	56.231	59.346	70.538	87.208	97.100	98.377	99.954	101.692	104.000	95.892	99.515	103.223	110.962	121.138	124.815	127.877	129.615	130.338	132.877	138.554	140.562	137.377	146.015	162.454	163.377	162.208	171.500	183.915	202.600	216.338	226.224	248.809	219.592	238.053	266.957	273.168	269.790	266.212	233.268	223.909	235.272	248.961	245.860	231.457	261.519	306.029	298.077	295.943

Adjust nondurables less food, beverages, and apparel 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 Nondurables less food, beverages, and apparel was 298.077 in the year 2023 and 295.943 in 2024:

295.943 / 298.077 * $20 = $19.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.86 in 2024 (in the CPI category of Nondurables less food, beverages, and apparel).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Nondurables less food, beverages, and apparel in 1967. In addition to nondurables less food, beverages, and apparel, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.