According to the U.S. Bureau of Labor Statistics, prices for other video equipment were 2% higher in 2021 versus 2020 (a $0.40 difference in value).
Between 2020 and 2021: Other video equipment experienced an average inflation rate of 2% per year. This rate of change indicates significant inflation. In other words, other video equipment costing $20 in the year 2020 would cost $20.40 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.55% during this same period, inflation for other video equipment was lower.
In the year 2020: Pricing changed by 0.59%, which is below the average yearly change for other video equipment during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for other video equipment was 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|