According to the U.S. Bureau of Labor Statistics, prices for other goods are 16.82% higher in 2022 versus 2016 (a $3.36 difference in value).
Between 2016 and 2022: Other goods experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, other goods costing $20 in the year 2016 would cost $23.36 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.31% 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 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for other goods was lower.
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|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods: