According to the U.S. Bureau of Labor Statistics, prices for nonelectric cookware and tableware were 2.65% higher in 2021 versus 2020 (a $0.53 difference in value).
Between 2020 and 2021: Nonelectric cookware and tableware experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, nonelectric cookware and tableware costing $20 in the year 2020 would cost $20.53 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.82% during this same period, inflation for nonelectric cookware and tableware was lower.
In the year 2020: Pricing changed by -3.18%, which is significantly below the average yearly change for nonelectric cookware and tableware during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for nonelectric cookware and tableware was much 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|