Other goods and services priced at $116,865 in 2016 $153,883.44 in 2024

Other Goods And Services Inflation Calculator

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Prices for Other Goods And Services, 2016-2024 ($116,865)

According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 31.68% higher in 2024 versus 2016 (a $37,018.44 difference in value).

Between 2016 and 2024: Other goods and services experienced an average inflation rate of 3.50% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $116,865 in the year 2016 would cost $153,883.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for other goods and services was higher.

In the year 2016: Pricing changed by 1.97%, which is below the average yearly change for other goods and services during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for other goods and services was higher.

Price Inflation for Other goods and services since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1983 (10.88%), 1982 (10.28%), and 1981 (9.93%).

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Buying power of $116,865.00 since 2016

Below are calculations of equivalent buying power for Other goods and services, over time, for $116,865 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$116,865.001.97%
2017$119,492.322.25%
2018$122,179.882.25%
2019$124,657.512.03%
2020$127,728.922.46%
2021$131,714.063.12%
2022$139,881.626.20%
2023$148,407.906.10%
2024$153,883.443.69%*

* 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:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI35.05436.88538.70040.94642.88544.70846.43849.78553.92357.03160.37764.23868.93875.17782.63891.131101.046107.838114.477121.408128.477137.038147.677158.969171.600183.262192.900198.523206.854215.408224.808237.738258.269271.069282.631293.238298.723304.731313.354321.708333.328345.381368.586381.291387.224394.395401.002408.097414.898423.073432.584442.314451.283462.402476.829506.397537.264557.086

Adjust other goods and services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other goods and services was 423.073 in the year 2016 and 557.086 in 2024:

557.086 / 423.073 * $116,865 = $153,883.44

Therefore, according to U.S. Bureau of Labor Statistics, $116,865 in 2016 has the same "purchasing power" as $153,883.44 in 2024 (in the CPI category of Other goods and services).


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

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