According to the U.S. Bureau of Labor Statistics, prices for cosmetics, perfume, bath, nail preparations and implements were 5.22% lower in 2021 versus 2016 (a $1.04 difference in value).
Between 2016 and 2021: Cosmetics experienced an average inflation rate of -1.07% per year. In other words, cosmetics costing $20 in the year 2016 would cost $18.96 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for cosmetics was significantly lower.
In the year 2016: Pricing changed by 0.36%, which is above the average yearly change for cosmetics during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for cosmetics was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cosmetics, perfume, bath, nail preparations and implements:
Below are calculations of equivalent buying power for Cosmetics, 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|