All items priced at $20 in 1947 $231.80 in 2020

All Items Inflation Calculator

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Prices for All Items, 1947-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items were 1,058.98% higher in 2020 versus 1947 (a $211.80 difference in value).

Between 1947 and 2020: All items experienced an average inflation rate of 3.41% per year. This rate of change indicates significant inflation. In other words, all items costing $20 in the year 1947 would cost $231.80 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.41% during this same period, inflation for all items was higher.

Price Inflation for All items since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.50%), 1979 (11.25%), and 1974 (11.01%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for All items:

Year 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
CPI 22.332 24.045 23.809 24.063 25.973 26.567 26.768 26.865 26.796 27.191 28.113 28.881 29.150 29.585 29.902 30.253 30.633 31.038 31.528 32.471 33.375 34.792 36.683 38.842 40.483 41.808 44.425 49.317 53.825 56.933 60.617 65.242 72.583 82.383 90.933 96.533 99.583 103.933 107.600 109.692 113.617 118.275 123.942 130.658 136.167 140.308 144.475 148.225 152.383 156.858 160.525 163.008 166.583 172.192 177.042 179.867 184.000 188.908 195.267 201.558 207.344 215.254 214.565 218.076 224.923 229.586 232.952 236.715 237.002 239.989 245.121 251.101 255.651 258.820

View price changes for other categories
Educational books and supplies · Wireless telephone services · Frankfurters · Atlanta, Georgia · More

Buying power of $20 since 1947

Below are calculations of equivalent buying power for All items, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1947 $20.00 -
1948 $21.53 7.67%
1949 $21.32 -0.98%
1950 $21.55 1.06%
1951 $23.26 7.94%
1952 $23.79 2.28%
1953 $23.97 0.76%
1954 $24.06 0.36%
1955 $24.00 -0.26%
1956 $24.35 1.47%
1957 $25.18 3.39%
1958 $25.87 2.73%
1959 $26.11 0.93%
1960 $26.50 1.49%
1961 $26.78 1.07%
1962 $27.09 1.18%
1963 $27.43 1.26%
1964 $27.80 1.32%
1965 $28.24 1.58%
1966 $29.08 2.99%
1967 $29.89 2.78%
1968 $31.16 4.24%
1969 $32.85 5.44%
1970 $34.79 5.88%
1971 $36.26 4.23%
1972 $37.44 3.27%
1973 $39.79 6.26%
1974 $44.17 11.01%
1975 $48.21 9.14%
1976 $50.99 5.77%
1977 $54.29 6.47%
1978 $58.43 7.63%
1979 $65.00 11.25%
1980 $73.78 13.50%
1981 $81.44 10.38%
1982 $86.45 6.16%
1983 $89.19 3.16%
1984 $93.08 4.37%
1985 $96.37 3.53%
1986 $98.24 1.94%
1987 $101.75 3.58%
1988 $105.93 4.10%
1989 $111.00 4.79%
1990 $117.02 5.42%
1991 $121.95 4.22%
1992 $125.66 3.04%
1993 $129.39 2.97%
1994 $132.75 2.60%
1995 $136.47 2.81%
1996 $140.48 2.94%
1997 $143.76 2.34%
1998 $145.99 1.55%
1999 $149.19 2.19%
2000 $154.21 3.37%
2001 $158.56 2.82%
2002 $161.09 1.60%
2003 $164.79 2.30%
2004 $169.18 2.67%
2005 $174.88 3.37%
2006 $180.51 3.22%
2007 $185.70 2.87%
2008 $192.78 3.81%
2009 $192.16 -0.32%
2010 $195.31 1.64%
2011 $201.44 3.14%
2012 $205.61 2.07%
2013 $208.63 1.47%
2014 $212.00 1.62%
2015 $212.26 0.12%
2016 $214.93 1.26%
2017 $219.53 2.14%
2018 $224.88 2.44%
2019 $228.96 1.81%
2020 $231.80 1.24%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for all items, 1947-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1947 * 1947 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for All items was 22.332 in the year 1947 and 258.820 in 2020:

258.820 / 22.332 * $20 = $231.80

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1947 has the same "purchasing power" as $231.80 in 2020 (in the CPI category of All items).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items in 1947. In addition to all items, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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