According to the U.S. Bureau of Labor Statistics, prices for clocks, lamps, and decorator items were 2.33% higher in 2021 versus 2020 (a $0.47 difference in value).
Between 2020 and 2021: Clocks, lamps, and decorator items experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, clocks, lamps, and decorator items costing $20 in the year 2020 would cost $20.47 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.07% during this same period, inflation for clocks, lamps, and decorator items was higher.
In the year 2020: Pricing changed by -0.80%, which is significantly below the average yearly change for clocks, lamps, and decorator items during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for clocks, lamps, and decorator items was 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|