Other goods and services price inflation, 2020→2024

Other Goods And Services Inflation Calculator

Prices for Other Goods And Services, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 20.64% higher in 2024 versus 2020 (a $4.13 difference in value).

Between 2020 and 2024: Other goods and services experienced an average inflation rate of 4.80% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $20 in the year 2020 would cost $24.13 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for other goods and services was lower.

In the year 2020: Pricing changed by 2.46%, which is below the average yearly change for other goods and services during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), 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 $20.00 since 2020

Below are calculations of equivalent buying power for Other goods and services, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	2.46%
2021	$20.62	3.12%
2022	$21.90	6.20%
2023	$23.24	6.10%
2024	$24.13	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

Adjust other goods and services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other goods and services was 462.402 in the year 2020 and 557.861 in 2024:

557.861 / 462.402 * $20 = $24.13

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $24.13 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.