Personal care price inflation, 2023→2024

Personal Care Inflation Calculator

Prices for Personal Care, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for personal care are 3.17% higher in 2024 versus 2023 (a $0.63 difference in value).

Between 2023 and 2024: Personal care experienced an average inflation rate of 3.17% per year. This rate of change indicates significant inflation. In other words, personal care costing $20 in the year 2023 would cost $20.63 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for personal care was higher.

In the year 2023: Pricing changed by 5.99%, which is above the average yearly change for personal care during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for personal care was higher.

Price Inflation for Personal care since 1935

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

Years with the largest changes in pricing: 1947 (11.66%), 1943 (10.34%), and 1942 (10.13%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Personal care, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	5.99%
2024	$20.63	3.17%*

* 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:

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	14.200	14.400	15.200	15.500	15.500	15.400	15.800	17.400	19.200	20.500	21.200	22.700	25.346	26.300	26.254	26.238	28.700	29.038	29.285	29.446	29.938	31.177	32.315	33.377	34.062	34.623	34.777	35.415	35.892	36.315	36.562	37.315	38.415	40.000	41.962	43.485	44.892	46.046	48.092	52.738	57.900	61.669	65.646	69.923	75.238	81.877	89.138	95.423	100.285	104.277	108.315	111.908	115.108	119.423	124.985	130.415	134.877	138.300	141.469	144.585	147.123	150.108	152.700	156.700	161.062	165.623	170.523	174.669	178.038	181.677	185.638	190.231	195.622	201.279	204.587	206.643	208.556	212.135	214.978	217.989	220.821	224.273	227.023	231.062	234.027	238.329	243.464	257.904	273.359	282.025

Adjust personal care prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Personal care was 273.359 in the year 2023 and 282.025 in 2024:

282.025 / 273.359 * $20 = $20.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.63 in 2024 (in the CPI category of Personal care).

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