According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,200.84% higher in 2024 versus 1971 (a $240.17 difference in value).
Between 1971 and 2024: Other goods and services experienced an average inflation rate of 4.96% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $20 in the year 1971 would cost $260.17 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for other goods and services was higher.
In the year 1971: Pricing changed by 4.73%, which is below the average yearly change for other goods and services during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $20.00 | 4.73% |
| 1972 | $20.85 | 4.25% |
| 1973 | $21.66 | 3.87% |
| 1974 | $23.22 | 7.21% |
| 1975 | $25.15 | 8.31% |
| 1976 | $26.60 | 5.76% |
| 1977 | $28.16 | 5.87% |
| 1978 | $29.96 | 6.40% |
| 1979 | $32.15 | 7.32% |
| 1980 | $35.06 | 9.05% |
| 1981 | $38.54 | 9.93% |
| 1982 | $42.50 | 10.28% |
| 1983 | $47.12 | 10.88% |
| 1984 | $50.29 | 6.72% |
| 1985 | $53.39 | 6.16% |
| 1986 | $56.62 | 6.05% |
| 1987 | $59.92 | 5.82% |
| 1988 | $63.91 | 6.66% |
| 1989 | $68.87 | 7.76% |
| 1990 | $74.14 | 7.65% |
| 1991 | $80.03 | 7.95% |
| 1992 | $85.47 | 6.80% |
| 1993 | $89.96 | 5.26% |
| 1994 | $92.58 | 2.92% |
| 1995 | $96.47 | 4.20% |
| 1996 | $100.46 | 4.14% |
| 1997 | $104.84 | 4.36% |
| 1998 | $110.87 | 5.75% |
| 1999 | $120.45 | 8.64% |
| 2000 | $126.42 | 4.96% |
| 2001 | $131.81 | 4.27% |
| 2002 | $136.76 | 3.75% |
| 2003 | $139.31 | 1.87% |
| 2004 | $142.12 | 2.01% |
| 2005 | $146.14 | 2.83% |
| 2006 | $150.03 | 2.67% |
| 2007 | $155.45 | 3.61% |
| 2008 | $161.07 | 3.62% |
| 2009 | $171.90 | 6.72% |
| 2010 | $177.82 | 3.45% |
| 2011 | $180.59 | 1.56% |
| 2012 | $183.93 | 1.85% |
| 2013 | $187.01 | 1.68% |
| 2014 | $190.32 | 1.77% |
| 2015 | $193.49 | 1.67% |
| 2016 | $197.31 | 1.97% |
| 2017 | $201.74 | 2.25% |
| 2018 | $206.28 | 2.25% |
| 2019 | $210.46 | 2.03% |
| 2020 | $215.65 | 2.46% |
| 2021 | $222.38 | 3.12% |
| 2022 | $236.17 | 6.20% |
| 2023 | $250.56 | 6.10% |
| 2024 | $260.17 | 3.83%* |
* 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 Other goods and services:
| 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 | 35.054 | 36.885 | 38.700 | 40.946 | 42.885 | 44.708 | 46.438 | 49.785 | 53.923 | 57.031 | 60.377 | 64.238 | 68.938 | 75.177 | 82.638 | 91.131 | 101.046 | 107.838 | 114.477 | 121.408 | 128.477 | 137.038 | 147.677 | 158.969 | 171.600 | 183.262 | 192.900 | 198.523 | 206.854 | 215.408 | 224.808 | 237.738 | 258.269 | 271.069 | 282.631 | 293.238 | 298.723 | 304.731 | 313.354 | 321.708 | 333.328 | 345.381 | 368.586 | 381.291 | 387.224 | 394.395 | 401.002 | 408.097 | 414.898 | 423.073 | 432.584 | 442.314 | 451.283 | 462.402 | 476.829 | 506.397 | 537.264 | 557.861 |