According to the U.S. Bureau of Labor Statistics, prices for nondurables less food were 3.89% higher in 2020 versus 2016 (a $0.78 difference in value).
Between 2016 and 2020: Nondurables less food experienced an average inflation rate of 0.96% per year. In other words, nondurables less food costing $20 in the year 2016 would cost $20.78 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.80% during this same period, inflation for nondurables less food was lower.
In the year 2016: Pricing changed by -2.66%, which is significantly below the average yearly change for nondurables less food during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for nondurables less food was much 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|