According to the U.S. Bureau of Labor Statistics, prices for other goods are 12.48% higher in 2022 versus 2017 (a $2.50 difference in value).
Between 2017 and 2022: Other goods experienced an average inflation rate of 2.38% per year. This rate of change indicates significant inflation. In other words, other goods costing $20 in the year 2017 would cost $22.50 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.09% during this same period, inflation for other goods was lower.
In the year 2017: Pricing changed by 1.98%, which is below the average yearly change for other goods during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for other goods was lower.
Below are calculations of equivalent buying power for Other goods, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods: