According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 291.57% higher in 2024 versus 1971 (a $58.31 difference in value).
Between 1971 and 2024: Commodities less food and beverages experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, commodities less food and beverages costing $20 in the year 1971 would cost $78.31 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for commodities less food and beverages was lower.
In the year 1971: Pricing changed by 3.76%, which is above the average yearly change for commodities less food and beverages during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation for commodities less food and beverages was lower.
Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $20.00 | 3.76% |
| 1972 | $20.46 | 2.29% |
| 1973 | $21.17 | 3.48% |
| 1974 | $23.44 | 10.74% |
| 1975 | $25.61 | 9.26% |
| 1976 | $26.93 | 5.13% |
| 1977 | $28.43 | 5.57% |
| 1978 | $30.09 | 5.86% |
| 1979 | $33.63 | 11.77% |
| 1980 | $38.31 | 13.92% |
| 1981 | $41.64 | 8.68% |
| 1982 | $43.31 | 4.02% |
| 1983 | $44.70 | 3.21% |
| 1984 | $46.10 | 3.12% |
| 1985 | $47.03 | 2.02% |
| 1986 | $45.32 | -3.63% |
| 1987 | $46.51 | 2.62% |
| 1988 | $47.97 | 3.13% |
| 1989 | $49.88 | 3.99% |
| 1990 | $52.32 | 4.89% |
| 1991 | $53.82 | 2.87% |
| 1992 | $55.07 | 2.33% |
| 1993 | $56.01 | 1.70% |
| 1994 | $56.72 | 1.27% |
| 1995 | $57.60 | 1.55% |
| 1996 | $58.78 | 2.04% |
| 1997 | $59.09 | 0.53% |
| 1998 | $58.35 | -1.26% |
| 1999 | $59.24 | 1.53% |
| 2000 | $61.54 | 3.89% |
| 2001 | $61.33 | -0.35% |
| 2002 | $59.98 | -2.21% |
| 2003 | $60.13 | 0.26% |
| 2004 | $61.13 | 1.66% |
| 2005 | $63.68 | 4.18% |
| 2006 | $65.22 | 2.41% |
| 2007 | $65.95 | 1.12% |
| 2008 | $68.41 | 3.74% |
| 2009 | $64.55 | -5.65% |
| 2010 | $67.23 | 4.15% |
| 2011 | $71.50 | 6.35% |
| 2012 | $72.75 | 1.75% |
| 2013 | $72.19 | -0.77% |
| 2014 | $71.33 | -1.19% |
| 2015 | $66.68 | -6.53% |
| 2016 | $64.99 | -2.53% |
| 2017 | $65.82 | 1.28% |
| 2018 | $67.21 | 2.11% |
| 2019 | $66.83 | -0.56% |
| 2020 | $65.13 | -2.54% |
| 2021 | $71.98 | 10.51% |
| 2022 | $80.44 | 11.76% |
| 2023 | $79.28 | -1.45% |
| 2024 | $78.31 | -1.21%* |
* 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 beverages:
| 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 | 38.300 | 39.708 | 41.408 | 43.115 | 44.738 | 45.762 | 47.354 | 52.438 | 57.292 | 60.231 | 63.585 | 67.308 | 75.231 | 85.700 | 93.138 | 96.885 | 99.992 | 103.115 | 105.200 | 101.385 | 104.038 | 107.300 | 111.577 | 117.031 | 120.392 | 123.192 | 125.292 | 126.885 | 128.854 | 131.477 | 132.177 | 130.515 | 132.515 | 137.669 | 137.192 | 134.162 | 134.508 | 136.738 | 142.454 | 145.885 | 147.515 | 153.034 | 144.395 | 150.392 | 159.943 | 162.745 | 161.484 | 159.568 | 149.153 | 145.373 | 147.234 | 150.338 | 149.490 | 145.692 | 161.012 | 179.940 | 177.334 | 175.181 |