According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities are 342.59% higher in 2024 versus 1957 (a $68.52 difference in value).
Between 1957 and 2024: Commodities less food and energy commodities experienced an average inflation rate of 2.24% per year. This rate of change indicates significant inflation. In other words, commodities less food and energy commodities costing $20 in the year 1957 would cost $88.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for commodities less food and energy commodities was lower.
Below are calculations of equivalent buying power for Commodities less food and energy commodities, over time, for $20 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1957 | $20.00 | - |
1958 | $20.26 | 1.28% |
1959 | $20.54 | 1.38% |
1960 | $20.61 | 0.38% |
1961 | $20.68 | 0.30% |
1962 | $20.84 | 0.82% |
1963 | $20.98 | 0.65% |
1964 | $21.21 | 1.08% |
1965 | $21.30 | 0.43% |
1966 | $21.56 | 1.26% |
1967 | $22.08 | 2.39% |
1968 | $22.93 | 3.86% |
1969 | $23.94 | 4.40% |
1970 | $24.99 | 4.40% |
1971 | $25.97 | 3.90% |
1972 | $26.59 | 2.38% |
1973 | $27.33 | 2.79% |
1974 | $29.42 | 7.65% |
1975 | $32.18 | 9.38% |
1976 | $33.82 | 5.12% |
1977 | $35.57 | 5.17% |
1978 | $37.70 | 5.97% |
1979 | $40.86 | 8.40% |
1980 | $44.71 | 9.42% |
1981 | $48.15 | 7.68% |
1982 | $51.03 | 5.99% |
1983 | $53.63 | 5.10% |
1984 | $55.89 | 4.21% |
1985 | $57.35 | 2.62% |
1986 | $58.12 | 1.34% |
1987 | $59.84 | 2.95% |
1988 | $61.95 | 3.54% |
1989 | $64.01 | 3.33% |
1990 | $66.17 | 3.37% |
1991 | $68.91 | 4.14% |
1992 | $70.89 | 2.87% |
1993 | $72.38 | 2.10% |
1994 | $73.40 | 1.41% |
1995 | $74.56 | 1.59% |
1996 | $75.62 | 1.41% |
1997 | $76.18 | 0.74% |
1998 | $76.62 | 0.58% |
1999 | $77.14 | 0.69% |
2000 | $77.53 | 0.50% |
2001 | $77.76 | 0.29% |
2002 | $76.90 | -1.10% |
2003 | $75.40 | -1.96% |
2004 | $74.70 | -0.93% |
2005 | $75.08 | 0.51% |
2006 | $75.27 | 0.25% |
2007 | $74.96 | -0.42% |
2008 | $75.06 | 0.14% |
2009 | $76.02 | 1.28% |
2010 | $76.85 | 1.09% |
2011 | $77.87 | 1.33% |
2012 | $78.85 | 1.26% |
2013 | $78.82 | -0.04% |
2014 | $78.55 | -0.35% |
2015 | $78.18 | -0.47% |
2016 | $77.82 | -0.47% |
2017 | $77.27 | -0.70% |
2018 | $77.10 | -0.23% |
2019 | $77.26 | 0.22% |
2020 | $77.37 | 0.15% |
2021 | $82.29 | 6.35% |
2022 | $88.56 | 7.62% |
2023 | $89.35 | 0.89% |
2024 | $88.52 | -0.93%* |
* 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 Commodities less food and energy commodities:
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 | 37.369 | 37.846 | 38.369 | 38.515 | 38.631 | 38.946 | 39.200 | 39.623 | 39.792 | 40.292 | 41.254 | 42.846 | 44.731 | 46.700 | 48.523 | 49.677 | 51.062 | 54.969 | 60.123 | 63.200 | 66.469 | 70.438 | 76.354 | 83.546 | 89.962 | 95.346 | 100.208 | 104.423 | 107.154 | 108.592 | 111.800 | 115.754 | 119.608 | 123.638 | 128.762 | 132.454 | 135.231 | 137.138 | 139.315 | 141.285 | 142.331 | 143.154 | 144.138 | 144.862 | 145.285 | 143.692 | 140.877 | 139.569 | 140.285 | 140.638 | 140.053 | 140.246 | 142.041 | 143.588 | 145.499 | 147.331 | 147.279 | 146.770 | 146.080 | 145.396 | 144.377 | 144.051 | 144.361 | 144.571 | 153.757 | 165.479 | 166.947 | 165.391 |