Non-food consumer goods prices and price changes worldwide - statistics & facts
One of life’s unfortunate inevitabilities is the fact that life gets more expensive with time. A common way to measure how average prices for products and services go up over the course of several years is through the use of the consumer price index or CPI. The consumer price index measures the monthly or yearly change in prices by comparing what consumers pay for a weighted-average basket of goods in the current year, compared to an earlier base year that is set to the value of 100. In 2022, nondurable goods, excluding food and beverages (e.g., clothing and personal care products), reached a consumer price index of roughly 234 points, based on the base year of 1982-84. In other words, nondurables (minus food and beverages) have more than doubled in average cost for the U.S. consumer since the early eighties.
