Services less energy services priced at $20 in 1957 $376.04 in 2024

Services Less Energy Services Inflation Calculator

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Prices for Services Less Energy Services, 1957-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less energy services are 1,780.22% higher in 2024 versus 1957 (a $356.04 difference in value).

Between 1957 and 2024: Services less energy services experienced an average inflation rate of 4.48% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 1957 would cost $376.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for services less energy services was higher.

Price Inflation for Services less energy services since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (15.24%), 1981 (12.98%), and 1979 (11.08%).

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Buying power of $20.00 since 1957

Below are calculations of equivalent buying power for Services less energy services, over time, for $20 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1957$20.00-
1958$20.763.79%
1959$21.393.05%
1960$22.063.12%
1961$22.562.26%
1962$23.022.06%
1963$23.492.01%
1964$23.982.09%
1965$24.572.49%
1966$25.564.00%
1967$26.794.81%
1968$28.275.54%
1969$30.367.38%
1970$32.888.31%
1971$34.685.47%
1972$35.983.75%
1973$37.534.32%
1974$40.898.95%
1975$44.599.04%
1976$48.147.97%
1977$51.667.30%
1978$56.048.49%
1979$62.2611.08%
1980$71.7415.24%
1981$81.0512.98%
1982$88.028.59%
1983$90.582.91%
1984$95.475.40%
1985$100.695.46%
1986$106.405.67%
1987$111.434.72%
1988$116.844.86%
1989$122.825.12%
1990$130.005.85%
1991$136.875.29%
1992$142.404.04%
1993$147.923.88%
1994$153.133.53%
1995$158.693.63%
1996$163.913.29%
1997$168.983.10%
1998$174.133.05%
1999$178.812.69%
2000$184.673.27%
2001$191.483.69%
2002$198.693.77%
2003$204.442.89%
2004$210.282.86%
2005$216.162.80%
2006$223.533.41%
2007$231.183.42%
2008$238.463.15%
2009$242.891.86%
2010$245.090.90%
2011$249.451.78%
2012$255.492.42%
2013$261.622.40%
2014$268.092.47%
2015$275.082.61%
2016$283.613.10%
2017$291.192.67%
2018$299.642.90%
2019$308.172.85%
2020$314.972.20%
2021$323.242.63%
2022$341.485.64%
2023$362.806.24%
2024$376.043.65%*

* 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 Services less energy services:

Year19571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI21.89222.72323.41524.14624.69225.20025.70826.24626.90027.97729.32330.94633.23135.99237.96239.38541.08544.76248.80852.70056.54661.34668.14678.53188.72396.34699.154104.508110.215116.469121.969127.892134.438142.300149.823155.869161.915167.623173.708179.415184.969190.608195.731202.138209.592217.492223.785230.177236.615244.685253.058261.017265.875268.278273.057279.667286.368293.454301.110310.445318.741327.986337.330344.767353.825373.793397.129411.623

Adjust services less energy services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1957 * 1957 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Services less energy services was 21.892 in the year 1957 and 411.623 in 2024:

411.623 / 21.892 * $20 = $376.04

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1957 has the same "purchasing power" as $376.04 in 2024 (in the CPI category of Services less energy services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services less energy services in 1957. In addition to services less energy 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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