According to the U.S. Bureau of Labor Statistics, prices for other goods are 3.27% higher in 2024 versus 2023 (a $0.65 difference in value).
Between 2023 and 2024: Other goods experienced an average inflation rate of 3.27% per year. This rate of change indicates significant inflation. In other words, other goods costing $20 in the year 2023 would cost $20.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for other goods was higher.
In the year 2023: Pricing changed by 5.99%, which is above the average yearly change for other goods during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for other goods was higher.
Below are calculations of equivalent buying power for Other goods, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2023 | $20.00 | 5.99% |
2024 | $20.65 | 3.27%* |
* 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:
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 100.943 | 102.336 | 103.822 | 104.910 | 106.746 | 107.740 | 108.915 | 111.068 | 112.349 | 114.287 | 116.720 | 120.262 | 127.938 | 135.596 | 140.036 |