According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities are 14.89% higher in 2022 versus 2010 (a $2.98 difference in value).
Between 2010 and 2022: Commodities less food and energy commodities experienced an average inflation rate of 1.16% per year. In other words, commodities less food and energy commodities costing $20 in the year 2010 would cost $22.98 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for commodities less food and energy commodities was lower.
In the year 2010: Pricing changed by 1.09%, which is below the average yearly change for commodities less food and energy commodities during the 2010-2022 time period. Compared to inflation for all items in 2010 (1.64%), inflation for commodities less food and energy commodities was lower.
Below are calculations of equivalent buying power for Commodities less food and energy commodities, over time, for $20 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food and energy commodities: