According to the U.S. Bureau of Labor Statistics, prices for jewelry were 6.91% lower in 2020 versus 2017 (a $6.91 difference in value).
Between 2017 and 2020: Jewelry experienced an average inflation rate of -2.36% per year. This rate of change indicates significant deflation. In other words, jewelry costing $100 in the year 2017 would cost $93.09 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for jewelry was significantly lower.
In the year 2017: Pricing changed by 2.04%, which is significantly above the average yearly change for jewelry during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for jewelry was lower.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|