Commodities priced at $20 in 2003 $24.37 in 2018

Historical Price Inflation for Commodities

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Prices for Commodities, 2003-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for commodities were 21.85% higher in 2018 versus 2003.

Between 2003 and 2018: Commodities experienced an average inflation rate of 1.33% per year. In other words, commodities costing $20 in the year 2003 would cost $24.37 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for commodities was lower.

In the year 2003: Pricing changed by 0.98%, below the average yearly change for commodities during the 2003-2018 time period. Compared to inflation for all items in 2003 (2.27%), price inflation for commodities was lower.

Price Inflation for Commodities since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (19.07%), 1942 (14.43%), and 1946 (12.36%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 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
CPI 14.875 15.067 15.720 15.040 14.780 14.920 16.080 18.400 19.940 20.120 20.720 23.280 27.720 29.580 28.720 29.120 31.720 31.960 31.860 31.560 31.300 31.577 32.577 33.315 33.354 33.608 33.838 34.100 34.438 34.769 35.185 36.092 36.769 38.108 39.854 41.708 43.169 44.469 47.754 53.477 58.238 60.738 64.223 68.777 76.631 85.992 93.215 96.977 99.838 103.208 105.377 104.369 107.723 111.492 116.700 122.785 126.623 129.115 131.508 133.754 136.431 139.892 141.838 141.923 144.431 149.185 150.654 149.723 151.185 154.738 160.162 164.000 167.509 174.764 169.698 174.566 183.862 187.577 187.670 187.943 181.703 179.236 181.242 184.214

View price changes for other categories
Housing · Gasoline (all types) · Fish and seafood · Legal services · More

How to calculate the inflation rate for commodities, 2003-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Commodities was 151.185 in the year 2003 and 184.214 in 2018:

184.214 / 151.185 * $20 = $24.37

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $24.37 in 2018 (in the category of Commodities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Commodities in 1935. In addition to commodities, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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