According to the U.S. Bureau of Labor Statistics, prices for dishes and flatware were 11.65% lower in 2020 versus 2016 (a $2.33 difference in value).
Between 2016 and 2020: Dishes and flatware experienced an average inflation rate of -3.05% per year. This rate of change indicates significant deflation. In other words, dishes and flatware costing $20 in the year 2016 would cost $17.67 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for dishes and flatware was significantly lower.
In the year 2016: Pricing changed by -3.32%, which is below the average yearly change for dishes and flatware during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for dishes and flatware was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Dishes and flatware:
Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
CPI | 100.000 | 102.131 | 100.008 | 97.085 | 93.215 | 88.900 | 85.608 | 85.115 | 83.654 | 77.962 | 73.655 | 73.301 | 72.516 | 69.008 | 65.213 | 59.794 | 58.552 | 56.159 | 55.672 | 53.826 | 52.798 | 48.611 | 48.034 | 47.555 |
Below are calculations of equivalent buying power for Dishes and flatware, 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 |
---|---|---|
2016 | $20.00 | -3.32% |
2017 | $19.62 | -1.91% |
2018 | $18.06 | -7.93% |
2019 | $17.85 | -1.19% |
2020 | $17.67 | -1.00%* |