According to the U.S. Bureau of Labor Statistics, prices for cosmetics, perfume, bath, nail preparations and implements were 4.01% lower in 2020 versus 2017 (a $0.80 difference in value).
Between 2017 and 2020: Cosmetics experienced an average inflation rate of -1.35% per year. In other words, cosmetics costing $20 in the year 2017 would cost $19.20 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for cosmetics was significantly lower.
In the year 2017: Pricing changed by -0.99%, which is above the average yearly change for cosmetics during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for cosmetics was much 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|