According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 13.06% higher in 2020 versus 2014 (a $0.13 difference in value).
Between 2014 and 2020: Other goods and services experienced an average inflation rate of 2.07% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1 in the year 2014 would cost $1.13 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for other goods and services was higher.
In the year 2014: Pricing changed by 1.77%, which is below the average yearly change for other goods and services during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for other goods and services was higher.
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 $1 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|