According to the U.S. Bureau of Labor Statistics, prices for all items less food and shelter are 15.32% higher in 2022 versus 2018 (a $3.06 difference in value).
Between 2018 and 2022: All items less food and shelter experienced an average inflation rate of 3.63% per year. This rate of change indicates significant inflation. In other words, all items less food and shelter costing $20 in the year 2018 would cost $23.06 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for all items less food and shelter was higher.
In the year 2018: Pricing changed by 2.15%, which is below the average yearly change for all items less food and shelter during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for all items less food and shelter was lower.
Below are calculations of equivalent buying power for All items less food and shelter, over time, for $20 beginning in 2018. 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 and shelter: