Other goods priced at $20 in 2016 $21.41 in 2020

Other Goods Inflation Calculator

$

Prices for Other Goods, 2016-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other goods were 7.07% higher in 2020 versus 2016 (a $1.41 difference in value).

Between 2016 and 2020: Other goods experienced an average inflation rate of 1.72% per year. In other words, other goods costing $20 in the year 2016 would cost $21.41 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.80% during this same period, inflation for other goods was lower.

In the year 2016: Pricing changed by 1.09%, which is below the average yearly change for other goods during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for other goods was lower.

Price Inflation for Other goods since 2010

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (2.03%), 2017 (1.98%), and 2014 (1.75%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods:

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CPI 100.942 102.340 103.822 104.909 106.745 107.741 108.915 111.068 112.348 114.287 116.611

View price changes for other categories
Jewelry · New York · Educational books and supplies · College tuition and fees · More

Buying power of $20 since 2016

Below are calculations of equivalent buying power for Other goods, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2016 $20.00 1.09%
2017 $20.40 1.98%
2018 $20.63 1.15%
2019 $20.99 1.73%
2020 $21.41 2.03%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other goods, 2016-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2016 * 2016 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Other goods was 108.915 in the year 2016 and 116.611 in 2020:

116.611 / 108.915 * $20 = $21.41

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $21.41 in 2020 (in the CPI category of Other goods).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other goods in 2010. In addition to other goods, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.