According to the U.S. Bureau of Labor Statistics, prices for services less energy services are 1,549.91% higher in 2024 versus 1962 (a $309.98 difference in value).
Between 1962 and 2024: Services less energy services experienced an average inflation rate of 4.63% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 1962 would cost $329.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.84% during this same period, inflation for services less energy services was higher.
In the year 1962: Pricing changed by 2.06%, which is below the average yearly change for services less energy services during the 1962-2024 time period. Compared to inflation for all items in 1962 (1.18%), inflation for services less energy services was higher.
Below are calculations of equivalent buying power for Services less energy services, over time, for $20 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1962 | $20.00 | 2.06% |
| 1963 | $20.40 | 2.01% |
| 1964 | $20.83 | 2.09% |
| 1965 | $21.35 | 2.49% |
| 1966 | $22.20 | 4.00% |
| 1967 | $23.27 | 4.81% |
| 1968 | $24.56 | 5.54% |
| 1969 | $26.37 | 7.38% |
| 1970 | $28.57 | 8.31% |
| 1971 | $30.13 | 5.47% |
| 1972 | $31.26 | 3.75% |
| 1973 | $32.61 | 4.32% |
| 1974 | $35.53 | 8.95% |
| 1975 | $38.74 | 9.04% |
| 1976 | $41.83 | 7.97% |
| 1977 | $44.88 | 7.30% |
| 1978 | $48.69 | 8.49% |
| 1979 | $54.08 | 11.08% |
| 1980 | $62.33 | 15.24% |
| 1981 | $70.42 | 12.98% |
| 1982 | $76.47 | 8.59% |
| 1983 | $78.69 | 2.91% |
| 1984 | $82.94 | 5.40% |
| 1985 | $87.47 | 5.46% |
| 1986 | $92.44 | 5.67% |
| 1987 | $96.80 | 4.72% |
| 1988 | $101.50 | 4.86% |
| 1989 | $106.70 | 5.12% |
| 1990 | $112.94 | 5.85% |
| 1991 | $118.91 | 5.29% |
| 1992 | $123.71 | 4.04% |
| 1993 | $128.50 | 3.88% |
| 1994 | $133.03 | 3.53% |
| 1995 | $137.86 | 3.63% |
| 1996 | $142.39 | 3.29% |
| 1997 | $146.80 | 3.10% |
| 1998 | $151.28 | 3.05% |
| 1999 | $155.34 | 2.69% |
| 2000 | $160.43 | 3.27% |
| 2001 | $166.34 | 3.69% |
| 2002 | $172.61 | 3.77% |
| 2003 | $177.61 | 2.89% |
| 2004 | $182.68 | 2.86% |
| 2005 | $187.79 | 2.80% |
| 2006 | $194.19 | 3.41% |
| 2007 | $200.84 | 3.42% |
| 2008 | $207.16 | 3.15% |
| 2009 | $211.01 | 1.86% |
| 2010 | $212.92 | 0.90% |
| 2011 | $216.71 | 1.78% |
| 2012 | $221.96 | 2.42% |
| 2013 | $227.28 | 2.40% |
| 2014 | $232.90 | 2.47% |
| 2015 | $238.98 | 2.61% |
| 2016 | $246.38 | 3.10% |
| 2017 | $252.97 | 2.67% |
| 2018 | $260.31 | 2.90% |
| 2019 | $267.72 | 2.85% |
| 2020 | $273.62 | 2.20% |
| 2021 | $280.81 | 2.63% |
| 2022 | $296.66 | 5.64% |
| 2023 | $315.18 | 6.24% |
| 2024 | $329.98 | 4.70%* |
* 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 Services less energy services:
| Year | 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 | 21.892 | 22.723 | 23.415 | 24.146 | 24.692 | 25.200 | 25.708 | 26.246 | 26.900 | 27.977 | 29.323 | 30.946 | 33.231 | 35.992 | 37.962 | 39.385 | 41.085 | 44.762 | 48.808 | 52.700 | 56.546 | 61.346 | 68.146 | 78.531 | 88.723 | 96.346 | 99.154 | 104.508 | 110.215 | 116.469 | 121.969 | 127.892 | 134.438 | 142.300 | 149.823 | 155.869 | 161.915 | 167.623 | 173.708 | 179.415 | 184.969 | 190.608 | 195.731 | 202.138 | 209.592 | 217.492 | 223.785 | 230.177 | 236.615 | 244.685 | 253.058 | 261.017 | 265.875 | 268.278 | 273.057 | 279.667 | 286.368 | 293.454 | 301.110 | 310.445 | 318.741 | 327.986 | 337.330 | 344.767 | 353.825 | 373.793 | 397.129 | 415.778 |