According to the U.S. Bureau of Labor Statistics, prices for services less energy services are 995.26% higher in 2024 versus 1971 (a $199.05 difference in value).
Between 1971 and 2024: Services less energy services experienced an average inflation rate of 4.62% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 1971 would cost $219.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for services less energy services was higher.
In the year 1971: Pricing changed by 5.47%, which is above the average yearly change for services less energy services during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), 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 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $20.00 | 5.47% |
| 1972 | $20.75 | 3.75% |
| 1973 | $21.65 | 4.32% |
| 1974 | $23.58 | 8.95% |
| 1975 | $25.71 | 9.04% |
| 1976 | $27.76 | 7.97% |
| 1977 | $29.79 | 7.30% |
| 1978 | $32.32 | 8.49% |
| 1979 | $35.90 | 11.08% |
| 1980 | $41.37 | 15.24% |
| 1981 | $46.74 | 12.98% |
| 1982 | $50.76 | 8.59% |
| 1983 | $52.24 | 2.91% |
| 1984 | $55.06 | 5.40% |
| 1985 | $58.07 | 5.46% |
| 1986 | $61.36 | 5.67% |
| 1987 | $64.26 | 4.72% |
| 1988 | $67.38 | 4.86% |
| 1989 | $70.83 | 5.12% |
| 1990 | $74.97 | 5.85% |
| 1991 | $78.93 | 5.29% |
| 1992 | $82.12 | 4.04% |
| 1993 | $85.30 | 3.88% |
| 1994 | $88.31 | 3.53% |
| 1995 | $91.52 | 3.63% |
| 1996 | $94.52 | 3.29% |
| 1997 | $97.45 | 3.10% |
| 1998 | $100.42 | 3.05% |
| 1999 | $103.12 | 2.69% |
| 2000 | $106.50 | 3.27% |
| 2001 | $110.42 | 3.69% |
| 2002 | $114.59 | 3.77% |
| 2003 | $117.90 | 2.89% |
| 2004 | $121.27 | 2.86% |
| 2005 | $124.66 | 2.80% |
| 2006 | $128.91 | 3.41% |
| 2007 | $133.32 | 3.42% |
| 2008 | $137.52 | 3.15% |
| 2009 | $140.08 | 1.86% |
| 2010 | $141.34 | 0.90% |
| 2011 | $143.86 | 1.78% |
| 2012 | $147.34 | 2.42% |
| 2013 | $150.87 | 2.40% |
| 2014 | $154.61 | 2.47% |
| 2015 | $158.64 | 2.61% |
| 2016 | $163.56 | 3.10% |
| 2017 | $167.93 | 2.67% |
| 2018 | $172.80 | 2.90% |
| 2019 | $177.72 | 2.85% |
| 2020 | $181.64 | 2.20% |
| 2021 | $186.41 | 2.63% |
| 2022 | $196.93 | 5.64% |
| 2023 | $209.23 | 6.24% |
| 2024 | $219.05 | 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 |