According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 39.73% higher in 2023 versus 2010 (a $476,767.23 difference in value).
Between 2010 and 2023: Other goods and services experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1,200,000 in the year 2010 would cost $1,676,767.23 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for other goods and services was higher.
In the year 2010: Pricing changed by 3.45%, which is above the average yearly change for other goods and services during the 2010-2023 time period. Compared to inflation for all items in 2010 (1.64%), inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $1,200,000 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services: