According to the U.S. Bureau of Labor Statistics, prices for commodities less food and beverages were 3.09% lower in 2020 versus 2018 (a $0.62 difference in value).
Between 2018 and 2020: Commodities less food and beverages experienced an average inflation rate of -1.56% per year. In other words, commodities less food and beverages costing $20 in the year 2018 would cost $19.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.52% during this same period, inflation for commodities less food and beverages was significantly lower.
In the year 2018: Pricing changed by 2.11%, which is significantly above the average yearly change for commodities less food and beverages during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|