According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities were 1.50% lower in 2020 versus 2014 (a $0.30 difference in value).
Between 2014 and 2020: Commodities less food and energy commodities experienced an average inflation rate of -0.25% per year. In other words, commodities less food and energy commodities costing $20 in the year 2014 would cost $19.70 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for commodities less food and energy commodities was lower.
In the year 2014: Pricing changed by -0.35%, which is below the average yearly change for commodities less food and energy commodities during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for commodities less food and energy commodities was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Commodities less food and energy commodities:
Below are calculations of equivalent buying power for Commodities less food and energy commodities, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|