According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 2.24% higher in 2020 versus 2019 (a $0.45 difference in value).
Between 2019 and 2020: Other goods and services experienced an average inflation rate of 2.24% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $20 in the year 2019 would cost $20.45 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.93% during this same period, inflation for other goods and services was higher.
In the year 2019: Pricing changed by 2.03%, which is below the average yearly change for other goods and services during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|