According to the U.S. Bureau of Labor Statistics, prices for nondurables less food, beverages, and apparel were 6.84% lower in 2020 versus 2008 (a $1.37 difference in value).
Between 2008 and 2020: Nondurables less food, beverages, and apparel experienced an average inflation rate of -0.59% per year. In other words, nondurables less food, beverages, and apparel costing $20 in the year 2008 would cost $18.63 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.54% during this same period, inflation for nondurables less food, beverages, and apparel was lower.
In the year 2008: Pricing changed by 9.98%, which is significantly above the average yearly change for nondurables less food, beverages, and apparel during the 2008-2020 time period. Compared to inflation for all items in 2008 (3.84%), inflation for nondurables less food, beverages, and apparel was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nondurables less food, beverages, and apparel:
Below are calculations of equivalent buying power for Nondurables less food, beverages, and apparel, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|