According to the U.S. Bureau of Labor Statistics, prices for postage and delivery services were 14.40% higher in 2020 versus 2016 (a $2.88 difference in value).
Between 2016 and 2020: Postage and delivery services experienced an average inflation rate of 3.42% per year. This rate of change indicates significant inflation. In other words, postage and delivery services costing $20 in the year 2016 would cost $22.88 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for postage and delivery services was higher.
In the year 2016: Pricing changed by 0.58%, which is below the average yearly change for postage and delivery services during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for postage and delivery services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Postage and delivery services:
Below are calculations of equivalent buying power for Postage and delivery services, 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|