Personal care products price inflation, 2022→2024

Personal Care Products Inflation Calculator

Prices for Personal Care Products, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for personal care products are 7.48% higher in 2024 versus 2022 (a $1.50 difference in value).

Between 2022 and 2024: Personal care products experienced an average inflation rate of 3.67% per year. This rate of change indicates significant inflation. In other words, personal care products costing $20 in the year 2022 would cost $21.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for personal care products was higher.

In the year 2022: Pricing changed by 4.26%, which is above the average yearly change for personal care products during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for personal care products was much lower.

Price Inflation for Personal care products since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1947 (21.14%), 1975 (12.46%), and 1974 (11.13%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Personal care products, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	4.26%
2023	$21.17	5.86%
2024	$21.50	1.53%*

* 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 Personal care products:

Year	1935	1936	1937	1938	1939	1940	1941	1942	1943	1944	1945	1946	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	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	22.000	22.300	23.000	23.100	22.900	22.800	23.300	25.200	25.500	26.200	26.400	27.600	33.433	34.160	32.900	32.340	35.740	34.960	34.840	34.600	34.640	35.460	36.660	37.960	38.260	38.180	38.100	38.500	38.600	38.633	38.333	38.040	38.638	39.792	41.600	42.631	44.000	45.169	46.377	51.538	57.962	61.277	64.731	68.231	72.938	79.638	87.792	95.131	100.700	104.192	107.615	111.254	113.931	118.100	123.192	128.154	132.754	136.538	139.031	141.469	143.092	144.315	144.177	148.292	151.785	153.669	155.115	154.738	153.531	153.885	154.377	155.785	158.285	159.290	162.578	161.062	160.529	162.172	161.794	163.445	163.262	163.050	161.664	161.452	160.703	160.063	159.711	166.513	176.272	178.967

Adjust personal care products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Personal care products was 166.513 in the year 2022 and 178.967 in 2024:

178.967 / 166.513 * $20 = $21.50

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $21.50 in 2024 (in the CPI category of Personal care products).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Personal care products in 1935. In addition to personal care products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.