According to the U.S. Bureau of Labor Statistics, prices for all items less food, shelter, energy, and used cars and trucks are 8.97% higher in 2022 versus 2020 (a $1.79 difference in value).
Between 2020 and 2022: All items less food, shelter, energy, and used cars and trucks experienced an average inflation rate of 4.39% per year. This rate of change indicates significant inflation. In other words, all items less food, shelter, energy, and used cars and trucks costing $20 in the year 2020 would cost $21.79 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.34% during this same period, inflation for all items less food, shelter, energy, and used cars and trucks was lower.
In the year 2020: Pricing changed by 1.02%, which is significantly below the average yearly change for all items less food, shelter, energy, and used cars and trucks during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for all items less food, shelter, energy, and used cars and trucks was lower.
Below are calculations of equivalent buying power for All items less food, shelter, energy, and used cars and trucks, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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 All items less food, shelter, energy, and used cars and trucks: