According to the U.S. Bureau of Labor Statistics, prices for clocks, lamps, and decorator items were 18.01% lower in 2020 versus 2016 (a $3.60 difference in value).
Between 2016 and 2020: Clocks, lamps, and decorator items experienced an average inflation rate of -4.84% per year. This rate of change indicates significant deflation. In other words, clocks, lamps, and decorator items costing $20 in the year 2016 would cost $16.40 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for clocks, lamps, and decorator items was significantly lower.
In the year 2016: Pricing changed by -4.83%, which is above the average yearly change for clocks, lamps, and decorator items during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for clocks, lamps, and decorator items was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Clocks, lamps, and decorator items:
Below are calculations of equivalent buying power for Clocks, lamps, and decorator items, 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|