According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages were 1.05% lower in 2020 versus 2017 (a $0.21 difference in value).
Between 2017 and 2020: Commodities less food and beverages experienced an average inflation rate of -0.35% per year. In other words, commodities less food and beverages costing $20 in the year 2017 would cost $19.79 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for commodities less food and beverages was lower.
In the year 2017: Pricing changed by 1.28%, which is above the average yearly change for commodities less food and beverages during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for commodities less food and beverages was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food and beverages:
Below are calculations of equivalent buying power for Commodities less food and beverages, 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|