According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 24.58% higher in 2021 versus 2010 (a $122.90 difference in value).
Between 2010 and 2021: Other goods and services experienced an average inflation rate of 2.02% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $500 in the year 2010 would cost $622.90 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.94% during this same period, inflation for other goods and services was higher.
In the year 2010: Pricing changed by 3.45%, which is above the average yearly change for other goods and services during the 2010-2021 time period. Compared to inflation for all items in 2010 (1.64%), inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $500 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services: