According to the U.S. Bureau of Labor Statistics, prices for indoor plants and flowers were 6.67% higher in 2021 versus 2020 (a $1.33 difference in value).
Between 2020 and 2021: Indoor plants experienced an average inflation rate of 6.67% per year. This rate of change indicates significant inflation. In other words, indoor plants costing $20 in the year 2020 would cost $21.33 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for indoor plants was significantly higher.
In the year 2020: Pricing changed by 0.94%, which is significantly below the average yearly change for indoor plants during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for indoor plants was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Indoor plants and flowers:
Below are calculations of equivalent buying power for Indoor plants, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|