According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 5.19% higher in 2022 versus 2021 (a $0.05 difference in value).
Between 2021 and 2022: Other goods and services experienced an average inflation rate of 5.19% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1 in the year 2021 would cost $1.05 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 7.14% during this same period, inflation for other goods and services was lower.
In the year 2021: Pricing changed by 3.12%, which is below the average yearly change for other goods and services during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for other goods and services was lower.
Below are calculations of equivalent buying power for Other goods and services, over time, for $1 beginning in 2021. 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: