All items less food, shelter, energy, and used cars and trucks price inflation, 2016→2024

All Items Less Food, Shelter, Energy, And Used Cars And Trucks Inflation Calculator

Prices for All Items Less Food, Shelter, Energy, And Used Cars And Trucks, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for all items less food, shelter, energy, and used cars and trucks are 21.19% higher in 2024 versus 2016 (a $4.24 difference in value).

Between 2016 and 2024: All items less food, shelter, energy, and used cars and trucks experienced an average inflation rate of 2.43% per year. This rate of change indicates significant inflation. In other words, all items less food, shelter, energy, and used cars and trucks costing $20 in the year 2016 would cost $24.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for all items less food, shelter, energy, and used cars and trucks was lower.

In the year 2016: Pricing changed by 1.51%, which is below the average yearly change for all items less food, shelter, energy, and used cars and trucks during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for all items less food, shelter, energy, and used cars and trucks was higher.

Price Inflation for All items less food, shelter, energy, and used cars and trucks since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (9.18%), 1981 (8.48%), and 1975 (8.46%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for All items less food, shelter, energy, and used cars and trucks, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	1.51%
2017	$20.20	0.98%
2018	$20.47	1.33%
2019	$20.74	1.37%
2020	$20.96	1.02%
2021	$21.56	2.87%
2022	$22.84	5.93%
2023	$23.70	3.77%
2024	$24.24	2.28%*

* 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 All items less food, shelter, energy, and used cars and trucks:

Year	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	39.569	41.408	43.500	45.800	48.046	49.231	50.631	54.562	59.177	63.123	66.838	70.623	75.477	82.408	89.392	95.631	100.131	104.223	108.538	113.085	117.623	122.577	128.138	134.585	141.685	147.092	152.000	156.015	160.169	164.138	167.654	170.500	173.300	176.562	180.100	183.031	185.085	187.769	191.069	194.731	197.752	202.263	207.226	210.374	214.162	218.730	221.881	224.198	226.504	229.933	232.190	235.284	238.497	240.940	247.853	262.555	272.444	278.655

Adjust all items less food, shelter, energy, and used cars and trucks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for All items less food, shelter, energy, and used cars and trucks was 229.933 in the year 2016 and 278.655 in 2024:

278.655 / 229.933 * $20 = $24.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.24 in 2024 (in the CPI category of All items less food, shelter, energy, and used cars and trucks).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for All items less food, shelter, energy, and used cars and trucks in 1967. In addition to all items less food, shelter, energy, and used cars and trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.