According to the U.S. Bureau of Labor Statistics, prices for nondurables less food were 5.77% lower in 2020 versus 2018 (a $1.15 difference in value).
Between 2018 and 2020: Nondurables less food experienced an average inflation rate of -2.93% per year. This rate of change indicates significant deflation. In other words, nondurables less food costing $20 in the year 2018 would cost $18.85 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.28% during this same period, inflation for nondurables less food was significantly lower.
In the year 2018: Pricing changed by 4.18%, which is significantly above the average yearly change for nondurables less food during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), inflation for nondurables less food was higher.
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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|