According to the U.S. Bureau of Labor Statistics, prices for all items less food, shelter, and energy are 14.28% higher in 2022 versus 2016 (a $2.86 difference in value).
Between 2016 and 2022: All items less food, shelter, and energy experienced an average inflation rate of 2.25% per year. This rate of change indicates significant inflation. In other words, all items less food, shelter, and energy costing $20 in the year 2016 would cost $22.86 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for all items less food, shelter, and energy was lower.
In the year 2016: Pricing changed by 1.36%, which is below the average yearly change for all items less food, shelter, and energy during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for all items less food, shelter, and energy was higher.
Below are calculations of equivalent buying power for All items less food, shelter, and energy, over time, for $20 beginning in 2016. 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 food, shelter, and energy: