According to the U.S. Bureau of Labor Statistics, prices for nondurables less food were 10.27% lower in 2020 versus 2014 (a $2.05 difference in value).
Between 2014 and 2020: Nondurables less food experienced an average inflation rate of -1.79% per year. In other words, nondurables less food costing $20 in the year 2014 would cost $17.95 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for nondurables less food was significantly lower.
In the year 2014: Pricing changed by -0.90%, which is above the average yearly change for nondurables less food during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for nondurables less food was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nondurables less food:
Below are calculations of equivalent buying power for Nondurables less food, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|