According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 634.25% higher in 2024 versus 1980 (a $48,342.41 difference in value).
Between 1980 and 2024: Other goods and services experienced an average inflation rate of 4.64% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $7,622 in the year 1980 would cost $55,964.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation for other goods and services was higher.
In the year 1980: Pricing changed by 9.05%, which is significantly above the average yearly change for other goods and services during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation for other goods and services was much lower.
Below are calculations of equivalent buying power for Other goods and services, over time, for $7,622 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1980 | $7,622.00 | 9.05% |
1981 | $8,378.51 | 9.93% |
1982 | $9,239.52 | 10.28% |
1983 | $10,244.82 | 10.88% |
1984 | $10,933.47 | 6.72% |
1985 | $11,606.53 | 6.16% |
1986 | $12,309.22 | 6.05% |
1987 | $13,025.95 | 5.82% |
1988 | $13,893.99 | 6.66% |
1989 | $14,972.59 | 7.76% |
1990 | $16,117.49 | 7.65% |
1991 | $17,398.09 | 7.95% |
1992 | $18,580.43 | 6.80% |
1993 | $19,557.65 | 5.26% |
1994 | $20,127.76 | 2.92% |
1995 | $20,972.39 | 4.20% |
1996 | $21,839.65 | 4.14% |
1997 | $22,792.69 | 4.36% |
1998 | $24,103.71 | 5.75% |
1999 | $26,185.27 | 8.64% |
2000 | $27,483.03 | 4.96% |
2001 | $28,655.23 | 4.27% |
2002 | $29,730.71 | 3.75% |
2003 | $30,286.78 | 1.87% |
2004 | $30,895.89 | 2.01% |
2005 | $31,770.16 | 2.83% |
2006 | $32,617.14 | 2.67% |
2007 | $33,795.32 | 3.61% |
2008 | $35,017.35 | 3.62% |
2009 | $37,369.98 | 6.72% |
2010 | $38,658.18 | 3.45% |
2011 | $39,259.71 | 1.56% |
2012 | $39,986.70 | 1.85% |
2013 | $40,656.56 | 1.68% |
2014 | $41,375.95 | 1.77% |
2015 | $42,065.42 | 1.67% |
2016 | $42,894.28 | 1.97% |
2017 | $43,858.62 | 2.25% |
2018 | $44,845.06 | 2.25% |
2019 | $45,754.45 | 2.03% |
2020 | $46,881.79 | 2.46% |
2021 | $48,344.50 | 3.12% |
2022 | $51,342.33 | 6.20% |
2023 | $54,471.83 | 6.10% |
2024 | $55,964.41 | 2.74%* |
* 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 | 551.985 |