According to the U.S. Bureau of Labor Statistics, prices for clocks, lamps, and decorator items were 7.83% lower in 2021 versus 2017 (a $1.57 difference in value).
Between 2017 and 2021: Clocks, lamps, and decorator items experienced an average inflation rate of -2.02% per year. This rate of change indicates significant deflation. In other words, clocks, lamps, and decorator items costing $20 in the year 2017 would cost $18.43 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.98% during this same period, inflation for clocks, lamps, and decorator items was significantly lower.
In the year 2017: Pricing changed by -8.59%, which is significantly below the average yearly change for clocks, lamps, and decorator items during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|