According to the U.S. Bureau of Labor Statistics, prices for all items less medical care are 22.02% higher in 2022 versus 2014 (a $4.40 difference in value).
Between 2014 and 2022: All items less medical care experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, all items less medical care costing $20 in the year 2014 would cost $24.40 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for all items less medical care was lower.
In the year 2014: Pricing changed by 1.55%, which is below the average yearly change for all items less medical care during the 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), inflation for all items less medical care was lower.
Below are calculations of equivalent buying power for All items less medical care, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for All items less medical care: