According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.01% per year. Prices in 2018 are 6.2% higher than prices in 2015.
In other words, $20 in 2015 is equivalent in purchasing power to $21.23 in 2018, a difference of $1.23 over 3 years.
The current inflation rate is now 2.80%1. If this number holds, $20 today will be equivalent to $20.56 next year. The current inflation rate page gives more detail on the latest official inflation rates.
|Cumulative price change||6.15%|
|Average inflation rate||2.01%|
|Converted amount ($20 base)||$21.23|
|Price difference ($20 base)||$1.23|
|CPI in 2015||237.017|
|CPI in 2018||251.59|
|Year||USD Value||Inflation Rate|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page: “$20 in 2015 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Jun. 2018, https://www.officialdata.org/2015-dollars-in-2018?amount=20.