According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 25.89% higher in 2022 versus 2012 (a $280,923,646.75 difference in value).
Between 2012 and 2022: Other goods and services experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1,084,939,099 in the year 2012 would cost $1,365,862,745.75 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.20% during this same period, inflation for other goods and services was higher.
In the year 2012: Pricing changed by 1.85%, which is below the average yearly change for other goods and services during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), inflation for other goods and services was lower.
Below are calculations of equivalent buying power for Other goods and services, over time, for $1,084,939,099 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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services: