Other goods and services priced at $1 in 2020 $1.16 in 2023

Other Goods And Services Inflation Calculator


Prices for Other Goods And Services, 2020-2023 ($1)

According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 15.75% higher in 2023 versus 2020 (a $0.16 difference in value).

Between 2020 and 2023: Other goods and services experienced an average inflation rate of 5% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1 in the year 2020 would cost $1.16 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for other goods and services was lower.

In the year 2020: Pricing changed by 2.46%, which is below the average yearly change for other goods and services during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for other goods and services was higher.

Price Inflation for Other goods and services since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1983 (10.88%), 1982 (10.28%), and 1981 (9.93%).

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Buying power of $1.00 since 2020

Below are calculations of equivalent buying power for Other goods and services, over time, for $1 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 Other goods and services:


Adjust other goods and services prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2020 * 2020 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Other goods and services was 462.402 in the year 2020 and 535.242 in 2023:

535.242 / 462.402 * $1 = $1.16

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2020 has the same "purchasing power" as $1.16 in 2023 (in the CPI category of Other goods and services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other goods and services in 1967. In addition to other goods and services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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