According to the U.S. Bureau of Labor Statistics, prices for all items less energy are 14.14% higher in 2021 versus 2015 (a $2.83 difference in value).
Between 2015 and 2021: All items less energy experienced an average inflation rate of 2.23% per year. This rate of change indicates significant inflation. In other words, all items less energy costing $20 in the year 2015 would cost $22.83 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.26% during this same period, inflation for all items less energy was lower.
In the year 2015: Pricing changed by 1.84%, which is below the average yearly change for all items less energy during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), inflation for all items less energy was higher.
Below are calculations of equivalent buying power for All items less energy, over time, for $20 beginning in 2015. 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 energy: