According to the U.S. Bureau of Labor Statistics, prices for nondurables less food and beverages are 73.49% higher in 2024 versus 1998 (a $14.70 difference in value).
Between 1998 and 2024: Nondurables less food and beverages experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, nondurables less food and beverages costing $20 in the year 1998 would cost $34.70 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for nondurables less food and beverages was lower.
In the year 1998: Pricing changed by -1.51%, which is significantly below the average yearly change for nondurables less food and beverages during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for nondurables less food and beverages was much lower.
Below are calculations of equivalent buying power for Nondurables less food and beverages, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | -1.51% |
| 1999 | $20.74 | 3.71% |
| 2000 | $22.23 | 7.17% |
| 2001 | $22.19 | -0.16% |
| 2002 | $21.89 | -1.39% |
| 2003 | $22.58 | 3.16% |
| 2004 | $23.71 | 5.02% |
| 2005 | $25.40 | 7.11% |
| 2006 | $26.65 | 4.93% |
| 2007 | $27.53 | 3.31% |
| 2008 | $29.59 | 7.49% |
| 2009 | $26.99 | -8.78% |
| 2010 | $28.65 | 6.12% |
| 2011 | $31.44 | 9.75% |
| 2012 | $32.25 | 2.58% |
| 2013 | $32.00 | -0.76% |
| 2014 | $31.68 | -1.01% |
| 2015 | $28.57 | -9.82% |
| 2016 | $27.72 | -2.98% |
| 2017 | $28.74 | 3.70% |
| 2018 | $30.01 | 4.40% |
| 2019 | $29.63 | -1.25% |
| 2020 | $27.98 | -5.59% |
| 2021 | $30.90 | 10.44% |
| 2022 | $35.34 | 14.38% |
| 2023 | $34.80 | -1.53% |
| 2024 | $34.70 | -0.30%* |
* 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 beverages:
| 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 | 36.877 | 38.392 | 40.177 | 41.746 | 43.154 | 44.192 | 46.108 | 52.369 | 56.346 | 58.869 | 62.092 | 65.000 | 74.331 | 88.485 | 96.962 | 98.338 | 100.008 | 101.638 | 104.008 | 97.792 | 101.146 | 105.177 | 111.215 | 119.600 | 123.492 | 126.469 | 128.131 | 128.408 | 129.469 | 133.000 | 134.631 | 132.592 | 137.508 | 147.369 | 147.138 | 145.100 | 149.685 | 157.192 | 168.369 | 176.677 | 182.526 | 196.192 | 178.959 | 189.916 | 208.427 | 213.804 | 212.176 | 210.029 | 189.406 | 183.769 | 190.560 | 198.952 | 196.460 | 185.487 | 204.850 | 234.298 | 230.720 | 230.031 |