According to the U.S. Bureau of Labor Statistics, prices for nonelectric cookware and tableware were 19.51% lower in 2020 versus 2012 (a $3.90 difference in value).
Between 2012 and 2020: Nonelectric cookware and tableware experienced an average inflation rate of -2.68% per year. This rate of change indicates significant deflation. In other words, nonelectric cookware and tableware costing $20 in the year 2012 would cost $16.10 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for nonelectric cookware and tableware was significantly lower.
In the year 2012: Pricing changed by -0.23%, which is above the average yearly change for nonelectric cookware and tableware during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for nonelectric cookware and tableware was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nonelectric cookware and tableware:
Below are calculations of equivalent buying power for Nonelectric cookware and tableware, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|