According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 132.24% higher in 2022 versus 1996 (a $17,191.33 difference in value).
Between 1996 and 2022: Other goods and services experienced an average inflation rate of 3.29% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $13,000 in the year 1996 would cost $30,191.33 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation for other goods and services was higher.
In the year 1996: Pricing changed by 4.13%, which is above the average yearly change for other goods and services during the 1996-2022 time period. Compared to inflation for all items in 1996 (2.93%), inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $13,000 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1996 | $13,000.00 | 4.13% |
1997 | $13,568.34 | 4.37% |
1998 | $14,348.94 | 5.75% |
1999 | $15,586.22 | 8.62% |
2000 | $16,361.78 | 4.98% |
2001 | $17,058.38 | 4.26% |
2002 | $17,698.65 | 3.75% |
2003 | $18,030.60 | 1.88% |
2004 | $18,392.23 | 2.01% |
2005 | $18,911.79 | 2.82% |
2006 | $19,418.27 | 2.68% |
2007 | $20,117.79 | 3.60% |
2008 | $20,845.13 | 3.62% |
2009 | $22,245.88 | 6.72% |
2010 | $23,012.79 | 3.45% |
2011 | $23,371.33 | 1.56% |
2012 | $23,804.36 | 1.85% |
2013 | $24,202.52 | 1.67% |
2014 | $24,630.77 | 1.77% |
2015 | $25,041.26 | 1.67% |
2016 | $25,534.62 | 1.97% |
2017 | $26,108.68 | 2.25% |
2018 | $26,695.91 | 2.25% |
2019 | $27,237.26 | 2.03% |
2020 | $27,908.35 | 2.46% |
2021 | $28,779.09 | 3.12% |
2022 | $30,191.33 | 4.91%* |
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services:
Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
CPI | 35.067 | 36.892 | 38.717 | 40.967 | 42.908 | 44.700 | 46.450 | 49.783 | 53.942 | 57.033 | 60.383 | 64.333 | 69.025 | 75.308 | 82.733 | 91.233 | 101.200 | 108.033 | 114.667 | 121.592 | 128.458 | 137.017 | 147.683 | 158.983 | 171.600 | 183.242 | 192.883 | 198.508 | 206.858 | 215.392 | 224.808 | 237.742 | 258.242 | 271.092 | 282.633 | 293.242 | 298.742 | 304.733 | 313.342 | 321.733 | 333.323 | 345.374 | 368.583 | 381.289 | 387.230 | 394.405 | 401.002 | 408.097 | 414.898 | 423.073 | 432.584 | 442.313 | 451.283 | 462.402 | 476.829 | 500.228 |