According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 17.11% higher in 2020 versus 2012 (a $1.37 difference in value).
Between 2012 and 2020: Other goods and services experienced an average inflation rate of 1.99% per year. In other words, other goods and services costing $8 in the year 2012 would cost $9.37 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% 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 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for other goods and services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services:
Below are calculations of equivalent buying power for Other goods and services, over time, for $8 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|