Nondurables less food and beverages price inflation, 2021→2024

Nondurables Less Food And Beverages Inflation Calculator

Prices for Nondurables Less Food And Beverages, 2021-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nondurables less food and beverages are 12.29% higher in 2024 versus 2021 (a $2.46 difference in value).

Between 2021 and 2024: Nondurables less food and beverages experienced an average inflation rate of 3.94% per year. This rate of change indicates significant inflation. In other words, nondurables less food and beverages costing $20 in the year 2021 would cost $22.46 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.96% during this same period, inflation for nondurables less food and beverages was lower.

In the year 2021: Pricing changed by 10.44%, which is significantly above the average yearly change for nondurables less food and beverages during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for nondurables less food and beverages was much higher.

Price Inflation for Nondurables less food and beverages since 1967

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

Years with the largest changes in pricing: 1980 (19.04%), 2022 (14.38%), and 1979 (14.36%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Nondurables less food and beverages, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2021	$20.00	10.44%
2022	$22.88	14.38%
2023	$22.53	-1.53%
2024	$22.46	-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

Adjust nondurables less food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2021 * 2021 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Nondurables less food and beverages was 204.850 in the year 2021 and 230.031 in 2024:

230.031 / 204.850 * $20 = $22.46

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $22.46 in 2024 (in the CPI category of Nondurables less food and beverages).

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