Services less energy services price inflation, 2013→2024

Services Less Energy Services Inflation Calculator

Prices for Services Less Energy Services, 2013-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less energy services are 45.19% higher in 2024 versus 2013 (a $9.04 difference in value).

Between 2013 and 2024: Services less energy services experienced an average inflation rate of 3.45% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 2013 would cost $29.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation for services less energy services was higher.

In the year 2013: Pricing changed by 2.40%, which is below the average yearly change for services less energy services during the 2013-2024 time period. Compared to inflation for all items in 2013 (1.46%), inflation for services less energy services was higher.

Price Inflation for Services less energy services since 1957

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

Years with the largest changes in pricing: 1980 (15.24%), 1981 (12.98%), and 1979 (11.08%).

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Buying power of $20.00 since 2013

Below are calculations of equivalent buying power for Services less energy services, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2013	$20.00	2.40%
2014	$20.49	2.47%
2015	$21.03	2.61%
2016	$21.68	3.10%
2017	$22.26	2.67%
2018	$22.91	2.90%
2019	$23.56	2.85%
2020	$24.08	2.20%
2021	$24.71	2.63%
2022	$26.11	5.64%
2023	$27.74	6.24%
2024	$29.04	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

Adjust services less energy services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2013 * 2013 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Services less energy services was 286.368 in the year 2013 and 415.778 in 2024:

415.778 / 286.368 * $20 = $29.04

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2013 has the same "purchasing power" as $29.04 in 2024 (in the CPI category of Services less energy services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services less energy services in 1957. In addition to services less energy services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.