According to the U.S. Bureau of Labor Statistics, prices for commodities are 1,010.38% higher in 2024 versus 1944 (a $202.08 difference in value).
Between 1944 and 2024: Commodities experienced an average inflation rate of 3.05% per year. This rate of change indicates significant inflation. In other words, commodities costing $20 in the year 1944 would cost $222.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for commodities was lower.
In the year 1944: Pricing changed by 0.90%, which is below the average yearly change for commodities during the 1944-2024 time period. Compared to inflation for all items in 1944 (1.64%), inflation for commodities was lower.
Below are calculations of equivalent buying power for Commodities, over time, for $20 beginning in 1944. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1944 | $20.00 | 0.90% |
1945 | $20.60 | 2.98% |
1946 | $23.14 | 12.36% |
1947 | $27.55 | 19.07% |
1948 | $29.40 | 6.71% |
1949 | $28.55 | -2.91% |
1950 | $28.95 | 1.39% |
1951 | $31.53 | 8.93% |
1952 | $31.77 | 0.76% |
1953 | $31.67 | -0.31% |
1954 | $31.37 | -0.94% |
1955 | $31.11 | -0.82% |
1956 | $31.39 | 0.88% |
1957 | $32.38 | 3.17% |
1958 | $33.12 | 2.27% |
1959 | $33.15 | 0.12% |
1960 | $33.41 | 0.76% |
1961 | $33.64 | 0.69% |
1962 | $33.90 | 0.77% |
1963 | $34.23 | 0.99% |
1964 | $34.56 | 0.96% |
1965 | $34.97 | 1.19% |
1966 | $35.88 | 2.58% |
1967 | $36.55 | 1.88% |
1968 | $37.88 | 3.64% |
1969 | $39.62 | 4.58% |
1970 | $41.46 | 4.65% |
1971 | $42.91 | 3.50% |
1972 | $44.20 | 3.01% |
1973 | $47.47 | 7.39% |
1974 | $53.16 | 11.98% |
1975 | $57.89 | 8.90% |
1976 | $60.38 | 4.29% |
1977 | $63.84 | 5.74% |
1978 | $68.37 | 7.09% |
1979 | $76.17 | 11.42% |
1980 | $85.48 | 12.22% |
1981 | $92.66 | 8.40% |
1982 | $96.40 | 4.04% |
1983 | $99.24 | 2.95% |
1984 | $102.59 | 3.37% |
1985 | $104.75 | 2.10% |
1986 | $103.75 | -0.96% |
1987 | $107.08 | 3.21% |
1988 | $110.83 | 3.50% |
1989 | $116.00 | 4.67% |
1990 | $122.05 | 5.21% |
1991 | $125.87 | 3.13% |
1992 | $128.35 | 1.97% |
1993 | $130.72 | 1.85% |
1994 | $132.96 | 1.71% |
1995 | $135.62 | 2.00% |
1996 | $139.06 | 2.54% |
1997 | $140.99 | 1.39% |
1998 | $141.08 | 0.06% |
1999 | $143.57 | 1.77% |
2000 | $148.29 | 3.29% |
2001 | $149.76 | 0.98% |
2002 | $148.83 | -0.62% |
2003 | $150.28 | 0.98% |
2004 | $153.82 | 2.35% |
2005 | $159.21 | 3.50% |
2006 | $163.02 | 2.40% |
2007 | $166.51 | 2.14% |
2008 | $173.72 | 4.33% |
2009 | $168.69 | -2.90% |
2010 | $173.52 | 2.87% |
2011 | $182.77 | 5.33% |
2012 | $186.46 | 2.02% |
2013 | $186.55 | 0.05% |
2014 | $186.82 | 0.15% |
2015 | $180.62 | -3.32% |
2016 | $178.17 | -1.36% |
2017 | $180.16 | 1.12% |
2018 | $183.52 | 1.86% |
2019 | $184.16 | 0.35% |
2020 | $183.70 | -0.25% |
2021 | $198.04 | 7.81% |
2022 | $219.62 | 10.90% |
2023 | $222.16 | 1.16% |
2024 | $222.08 | -0.04%* |
* 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:
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
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 | 184.617 | 185.266 | 184.799 | 199.227 | 220.936 | 223.492 | 223.409 |