According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 11.32% higher in 2020 versus 2015 (a $135,851.79 difference in value).
Between 2015 and 2020: Other goods and services experienced an average inflation rate of 2.17% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1,200,000 in the year 2015 would cost $1,335,851.79 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.75% during this same period, inflation for other goods and services was higher.
In the year 2015: Pricing changed by 1.67%, which is below the average yearly change for other goods and services during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for other goods and services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services:
Below are calculations of equivalent buying power for Other goods and services, over time, for $1200000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|