Nondurables less food priced at $20 in 1954 $149.96 in 2023

Nondurables Less Food Inflation Calculator

$

Prices for Nondurables Less Food, 1954-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nondurables less food are 649.81% higher in 2023 versus 1954 (a $129.96 difference in value).

Between 1954 and 2023: Nondurables less food experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, nondurables less food costing $20 in the year 1954 would cost $149.96 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.58% during this same period, inflation for nondurables less food was lower.

In the year 1954: Pricing changed by 0.26%, which is below the average yearly change for nondurables less food during the 1954-2023 time period. Compared to inflation for all items in 1954 (0.34%), inflation for nondurables less food was lower.

Price Inflation for Nondurables less food since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (18.41%), 1947 (14.50%), and 1979 (13.94%).

View price changes for other categories
Food · Minneapolis-St Paul, Minnesota · Alcoholic beverages · Houston, Texas · More

Buying power of $20.00 since 1954

Below are calculations of equivalent buying power for Nondurables less food, over time, for $20 beginning in 1954. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1954$20.000.26%
1955$20.050.26%
1956$20.441.92%
1957$21.012.81%
1958$21.150.65%
1959$21.411.23%
1960$21.741.54%
1961$21.870.61%
1962$21.990.56%
1963$22.211.00%
1964$22.410.91%
1965$22.721.38%
1966$23.252.33%
1967$23.983.10%
1968$24.954.05%
1969$26.074.51%
1970$27.134.07%
1971$28.053.40%
1972$28.732.41%
1973$29.904.07%
1974$33.7812.99%
1975$36.377.64%
1976$37.954.35%
1977$39.915.19%
1978$41.794.71%
1979$47.6213.94%
1980$56.3918.41%
1981$61.729.45%
1982$62.701.59%
1983$63.841.81%
1984$64.911.68%
1985$66.442.36%
1986$62.86-5.39%
1987$64.953.32%
1988$67.523.97%
1989$71.305.60%
1990$76.497.28%
1991$79.453.87%
1992$81.422.48%
1993$82.511.33%
1994$82.760.31%
1995$83.520.91%
1996$85.802.74%
1997$86.981.37%
1998$85.89-1.26%
1999$88.983.61%
2000$95.146.92%
2001$95.160.03%
2002$94.06-1.17%
2003$96.943.06%
2004$101.644.86%
2005$108.526.77%
2006$113.694.76%
2007$117.433.29%
2008$125.917.22%
2009$115.80-8.03%
2010$122.485.77%
2011$133.779.22%
2012$137.182.55%
2013$136.31-0.63%
2014$135.09-0.89%
2015$122.75-9.14%
2016$119.46-2.68%
2017$123.663.52%
2018$128.864.20%
2019$127.47-1.07%
2020$121.08-5.02%
2021$132.899.75%
2022$150.9913.63%
2023$149.96-0.68%*

* 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:

Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI16.17516.33317.02016.88016.62016.84017.62019.50020.30021.30022.04023.86027.32029.34028.60028.72030.88030.96031.26031.34031.42032.02332.92333.13833.54634.06234.26934.46234.80835.12335.60836.43837.56939.09240.85442.51543.96245.02346.85452.93856.98559.46262.54665.49274.62388.36296.71598.254100.031101.715104.11598.500101.769105.808111.731119.862124.500127.592129.292129.692130.869134.454136.300134.585139.438149.085149.123147.385151.900159.277170.054178.154184.012197.297181.453191.927209.615214.954213.604211.693192.345187.194193.775201.916199.748189.731208.232236.607234.991

Adjust nondurables less food prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1954 * 1954 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Nondurables less food was 31.340 in the year 1954 and 234.991 in 2023:

234.991 / 31.340 * $20 = $149.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1954 has the same "purchasing power" as $149.96 in 2023 (in the CPI category of Nondurables less food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Nondurables less food in 1935. In addition to nondurables less food, 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.