According to the U.S. Bureau of Labor Statistics, prices for all items less food were 7.37% higher in 2020 versus 2016 (a $1.47 difference in value).
Between 2016 and 2020: All items less food experienced an average inflation rate of 1.79% per year. In other words, all items less food costing $20 in the year 2016 would cost $21.47 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for all items less food was lower.
In the year 2016: Pricing changed by 1.42%, which is below the average yearly change for all items less food during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for all items less food was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for All items less food:
Below are calculations of equivalent buying power for All items less food, 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|