Nondurables less food and apparel priced at $20 in 2003 $34.16 in 2024

Nondurables Less Food And Apparel Inflation Calculator

$

Prices for Nondurables Less Food And Apparel, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nondurables less food and apparel are 70.81% higher in 2024 versus 2003 (a $14.16 difference in value).

Between 2003 and 2024: Nondurables less food and apparel experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, nondurables less food and apparel costing $20 in the year 2003 would cost $34.16 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for nondurables less food and apparel was higher.

In the year 2003: Pricing changed by 5.36%, which is above the average yearly change for nondurables less food and apparel during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for nondurables less food and apparel was much higher.

Price Inflation for Nondurables less food and apparel since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (22.42%), 1979 (17.95%), and 1974 (16.52%).

View price changes for other categories
Public transportation · New trucks · Denver, Colorado · Wireless telephone services · More

Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Nondurables less food and apparel, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.005.36%
2004$21.376.84%
2005$23.389.43%
2006$24.866.33%
2007$25.974.45%
2008$28.419.41%
2009$25.42-10.54%
2010$27.387.73%
2011$30.4711.26%
2012$31.172.31%
2013$30.85-1.03%
2014$30.49-1.16%
2015$27.04-11.30%
2016$26.09-3.53%
2017$27.324.71%
2018$28.805.43%
2019$28.51-1.02%
2020$27.06-5.09%
2021$30.2611.83%
2022$35.0515.83%
2023$34.33-2.04%
2024$34.16-0.50%*

* 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 and apparel:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI14.80014.98315.36015.30015.12015.26015.86016.76017.42017.84018.22019.16021.76023.70023.62023.88025.34025.78026.48026.70026.80027.45428.50028.82329.20829.66229.80830.04630.36230.64631.15431.83132.63833.66934.90836.27737.59238.58540.27746.93151.50854.06957.20060.35471.18587.14696.77798.25499.985101.777104.15496.954100.246104.015111.338120.923125.738128.900130.708131.554134.062139.523141.800139.177147.454162.915164.138163.323172.069183.831201.162213.892223.411244.443218.687235.601262.123268.175265.402262.332232.681224.472235.044247.803245.281232.796260.339301.554295.393293.903

Adjust nondurables less food and apparel prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Nondurables less food and apparel was 172.069 in the year 2003 and 293.903 in 2024:

293.903 / 172.069 * $20 = $34.16

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $34.16 in 2024 (in the CPI category of Nondurables less food and apparel).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Nondurables less food and apparel in 1935. In addition to nondurables less food and apparel, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.