According to the U.S. Bureau of Labor Statistics, prices for personal consumption expenditures price index were 71.14% higher in 2023 versus 1997 (a $13,313.95 difference in value).
Between 1997 and 2023: Personal Consumption Expenditures Price Index experienced an average inflation rate of 2.09% per year. This rate of change indicates significant inflation. In other words, personal consumption expenditures price index costing $18,716.30 in the year 1997 would cost $32,030.25 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for personal consumption expenditures price index was lower.
In the year 1997: Pricing changed by 1.74%, which is below the average yearly change for personal consumption expenditures price index during the 1997-2023 time period. Compared to inflation for all items in 1997 (2.33%), inflation for personal consumption expenditures price index was lower.
Below are calculations of equivalent buying power for Personal Consumption Expenditures Price Index, over time, for $18,716.30 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $18,716.30 | 1.74% |
| 1998 | $18,865.23 | 0.80% |
| 1999 | $19,140.10 | 1.46% |
| 2000 | $19,624.20 | 2.53% |
| 2001 | $20,017.61 | 2.00% |
| 2002 | $20,280.51 | 1.31% |
| 2003 | $20,706.55 | 2.10% |
| 2004 | $21,220.56 | 2.48% |
| 2005 | $21,831.97 | 2.88% |
| 2006 | $22,446.72 | 2.82% |
| 2007 | $23,022.71 | 2.57% |
| 2008 | $23,704.02 | 2.96% |
| 2009 | $23,637.93 | -0.28% |
| 2010 | $24,061.31 | 1.79% |
| 2011 | $24,670.02 | 2.53% |
| 2012 | $25,130.06 | 1.86% |
| 2013 | $25,461.42 | 1.32% |
| 2014 | $25,817.79 | 1.40% |
| 2015 | $25,865.09 | 0.18% |
| 2016 | $26,127.00 | 1.01% |
| 2017 | $26,583.12 | 1.75% |
| 2018 | $27,127.23 | 2.05% |
| 2019 | $27,515.81 | 1.43% |
| 2020 | $27,816.84 | 1.09% |
| 2021 | $28,968.11 | 4.14% |
| 2022 | $30,865.78 | 6.55% |
| 2023 | $32,030.25 | 3.77% |
| 2024 | $32,771.00 | 2.31%* |
* 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 Personal Consumption Expenditures Price Index:
| Year | 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 | 15.290 | 15.541 | 15.702 | 15.886 | 16.076 | 16.309 | 16.544 | 16.962 | 17.389 | 18.069 | 18.883 | 19.766 | 20.605 | 21.308 | 22.456 | 24.793 | 26.860 | 28.333 | 30.176 | 32.276 | 35.143 | 38.928 | 42.415 | 44.771 | 46.676 | 48.439 | 50.128 | 51.219 | 52.802 | 54.865 | 57.261 | 59.775 | 61.774 | 63.420 | 65.000 | 66.356 | 67.754 | 69.203 | 70.407 | 70.967 | 72.001 | 73.822 | 75.302 | 76.291 | 77.894 | 79.827 | 82.127 | 84.440 | 86.607 | 89.170 | 88.921 | 90.514 | 92.803 | 94.534 | 95.781 | 97.121 | 97.299 | 98.284 | 100.000 | 102.047 | 103.509 | 104.641 | 108.972 | 116.111 | 120.491 | 123.278 |