According to the U.S. Bureau of Labor Statistics, prices for watches were 15.86% higher in 2021 versus 2016 (a $3.17 difference in value).
Between 2016 and 2021: Watches experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, watches costing $20 in the year 2016 would cost $23.17 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for watches was higher.
In the year 2016: Pricing changed by 5.16%, which is above the average yearly change for watches during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for watches was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Watches:
Below are calculations of equivalent buying power for Watches, 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|