According to the U.S. Bureau of Labor Statistics, prices for household paper products are 22.62% higher in 2022 versus 2016 (a $4.52 difference in value).
Between 2016 and 2022: Household paper products experienced an average inflation rate of 3.46% per year. This rate of change indicates significant inflation. In other words, household paper products costing $20 in the year 2016 would cost $24.52 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for household paper products was higher.
In the year 2016: Pricing changed by 0%, which is significantly below the average yearly change for household paper products during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for household paper products was lower.
Below are calculations of equivalent buying power for Household paper products, 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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household paper products: