According to the U.S. Bureau of Labor Statistics, prices for nondurables less food, beverages, and apparel were 12.61% higher in 2021 versus 2016 (a $2.52 difference in value).
Between 2016 and 2021: Nondurables less food, beverages, and apparel experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, nondurables less food, beverages, and apparel costing $20 in the year 2016 would cost $22.52 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for nondurables less food, beverages, and apparel was higher.
In the year 2016: Pricing changed by -4.01%, which is significantly below the average yearly change for nondurables less food, beverages, and apparel during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for nondurables less food, beverages, and apparel was much lower.
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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|