According to the U.S. Bureau of Labor Statistics, prices for nondurables less food, beverages, and apparel were 6.93% higher in 2021 versus 2020 (a $1.39 difference in value).
Between 2020 and 2021: Nondurables less food, beverages, and apparel experienced an average inflation rate of 6.93% per year. This rate of change indicates significant inflation. In other words, nondurables less food, beverages, and apparel costing $20 in the year 2020 would cost $21.39 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for nondurables less food, beverages, and apparel was significantly higher.
In the year 2020: Pricing changed by -5.86%, which is significantly below the average yearly change for nondurables less food, beverages, and apparel during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|