According to the U.S. Bureau of Labor Statistics, prices for jewelry were 5.02% lower in 2020 versus 2016 (a $5.02 difference in value).
Between 2016 and 2020: Jewelry experienced an average inflation rate of -1.28% per year. In other words, jewelry costing $100 in the year 2016 would cost $94.98 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for jewelry was significantly lower.
In the year 2016: Pricing changed by 6.23%, which is significantly above the average yearly change for jewelry during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for jewelry was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Jewelry:
Below are calculations of equivalent buying power for Jewelry, over time, for $100 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|