According to the U.S. Bureau of Labor Statistics, prices for jewelry were 9.54% higher in 2021 versus 2020 (a $9.54 difference in value).
Between 2020 and 2021: Jewelry experienced an average inflation rate of 9.54% per year. This rate of change indicates significant inflation. In other words, jewelry costing $100 in the year 2020 would cost $109.54 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.82% during this same period, inflation for jewelry was significantly higher.
In the year 2020: Pricing changed by -3.22%, which is significantly below the average yearly change for jewelry during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for jewelry was much 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|