According to the U.S. Bureau of Labor Statistics, prices for other video equipment were 13.87% lower in 2020 versus 2014 (a $2.77 difference in value).
Between 2014 and 2020: Other video equipment experienced an average inflation rate of -2.46% per year. This rate of change indicates significant deflation. In other words, other video equipment costing $20 in the year 2014 would cost $17.23 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.43% during this same period, inflation for other video equipment was significantly lower.
In the year 2014: Pricing changed by -1.54%, which is above the average yearly change for other video equipment during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for other video equipment was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other video equipment:
Below are calculations of equivalent buying power for Other video equipment, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|