According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages are 9.62% higher in 2023 versus 2011 (a $1.92 difference in value).
Between 2011 and 2023: Commodities less food and beverages experienced an average inflation rate of 0.77% per year. In other words, commodities less food and beverages costing $20 in the year 2011 would cost $21.92 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for commodities less food and beverages was lower.
In the year 2011: Pricing changed by 6.35%, which is significantly above the average yearly change for commodities less food and beverages during the 2011-2023 time period. Compared to inflation for all items in 2011 (3.16%), inflation for commodities less food and beverages was much higher.
Below are calculations of equivalent buying power for Commodities less food and beverages, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food and beverages: