According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities were 0.57% lower in 2020 versus 2016 (a $0.11 difference in value).
Between 2016 and 2020: Commodities less food and energy commodities experienced an average inflation rate of -0.14% per year. In other words, commodities less food and energy commodities costing $20 in the year 2016 would cost $19.89 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for commodities less food and energy commodities was lower.
In the year 2016: Pricing changed by -0.47%, which is below the average yearly change for commodities less food and energy commodities during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|