According to the U.S. Bureau of Labor Statistics, prices for rental of video discs and other media are 12.53% higher in 2021 versus 2016 (a $2.51 difference in value).
Between 2016 and 2021: Rental of video discs and other media experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, rental of video discs and other media costing $20 in the year 2016 would cost $22.51 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for rental of video discs and other media was lower.
In the year 2016: Pricing changed by 2.57%, which is above the average yearly change for rental of video discs and other media during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for rental of video discs and other media was higher.
Below are calculations of equivalent buying power for Rental of video discs and other media, 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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rental of video discs and other media: