According to the U.S. Bureau of Labor Statistics, prices for services less energy services are 1,799.20% higher in 2024 versus 1957 (a $359.84 difference in value).
Between 1957 and 2024: Services less energy services experienced an average inflation rate of 4.49% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 1957 would cost $379.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for services less energy services was higher.
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:
Year | USD Value | Inflation Rate |
---|---|---|
1957 | $20.00 | - |
1958 | $20.76 | 3.79% |
1959 | $21.39 | 3.05% |
1960 | $22.06 | 3.12% |
1961 | $22.56 | 2.26% |
1962 | $23.02 | 2.06% |
1963 | $23.49 | 2.01% |
1964 | $23.98 | 2.09% |
1965 | $24.57 | 2.49% |
1966 | $25.56 | 4.00% |
1967 | $26.79 | 4.81% |
1968 | $28.27 | 5.54% |
1969 | $30.36 | 7.38% |
1970 | $32.88 | 8.31% |
1971 | $34.68 | 5.47% |
1972 | $35.98 | 3.75% |
1973 | $37.53 | 4.32% |
1974 | $40.89 | 8.95% |
1975 | $44.59 | 9.04% |
1976 | $48.14 | 7.97% |
1977 | $51.66 | 7.30% |
1978 | $56.04 | 8.49% |
1979 | $62.26 | 11.08% |
1980 | $71.74 | 15.24% |
1981 | $81.05 | 12.98% |
1982 | $88.02 | 8.59% |
1983 | $90.58 | 2.91% |
1984 | $95.47 | 5.40% |
1985 | $100.69 | 5.46% |
1986 | $106.40 | 5.67% |
1987 | $111.43 | 4.72% |
1988 | $116.84 | 4.86% |
1989 | $122.82 | 5.12% |
1990 | $130.00 | 5.85% |
1991 | $136.87 | 5.29% |
1992 | $142.40 | 4.04% |
1993 | $147.92 | 3.88% |
1994 | $153.13 | 3.53% |
1995 | $158.69 | 3.63% |
1996 | $163.91 | 3.29% |
1997 | $168.98 | 3.10% |
1998 | $174.13 | 3.05% |
1999 | $178.81 | 2.69% |
2000 | $184.67 | 3.27% |
2001 | $191.48 | 3.69% |
2002 | $198.69 | 3.77% |
2003 | $204.44 | 2.89% |
2004 | $210.28 | 2.86% |
2005 | $216.16 | 2.80% |
2006 | $223.53 | 3.41% |
2007 | $231.18 | 3.42% |
2008 | $238.46 | 3.15% |
2009 | $242.89 | 1.86% |
2010 | $245.09 | 0.90% |
2011 | $249.45 | 1.78% |
2012 | $255.49 | 2.42% |
2013 | $261.62 | 2.40% |
2014 | $268.09 | 2.47% |
2015 | $275.08 | 2.61% |
2016 | $283.61 | 3.10% |
2017 | $291.19 | 2.67% |
2018 | $299.64 | 2.90% |
2019 | $308.17 | 2.85% |
2020 | $314.97 | 2.20% |
2021 | $323.24 | 2.63% |
2022 | $341.48 | 5.64% |
2023 | $362.80 | 6.24% |
2024 | $379.84 | 4.70%* |
* 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:
Year | 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 | 21.892 | 22.723 | 23.415 | 24.146 | 24.692 | 25.200 | 25.708 | 26.246 | 26.900 | 27.977 | 29.323 | 30.946 | 33.231 | 35.992 | 37.962 | 39.385 | 41.085 | 44.762 | 48.808 | 52.700 | 56.546 | 61.346 | 68.146 | 78.531 | 88.723 | 96.346 | 99.154 | 104.508 | 110.215 | 116.469 | 121.969 | 127.892 | 134.438 | 142.300 | 149.823 | 155.869 | 161.915 | 167.623 | 173.708 | 179.415 | 184.969 | 190.608 | 195.731 | 202.138 | 209.592 | 217.492 | 223.785 | 230.177 | 236.615 | 244.685 | 253.058 | 261.017 | 265.875 | 268.278 | 273.057 | 279.667 | 286.368 | 293.454 | 301.110 | 310.445 | 318.741 | 327.986 | 337.330 | 344.767 | 353.825 | 373.793 | 397.129 | 415.778 |