According to the U.S. Bureau of Labor Statistics, prices for commodities less food and energy commodities were 0.15% higher in 2020 versus 2019 (a $0.03 difference in value).
Between 2019 and 2020: Commodities less food and energy commodities experienced an average inflation rate of 0.15% per year. In other words, commodities less food and energy commodities costing $20 in the year 2019 would cost $20.03 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.23% during this same period, inflation for commodities less food and energy commodities was lower.
In the year 2019: Pricing changed by 0.22%, which is above the average yearly change for commodities less food and energy commodities during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|