22 Years of Price Changes

Source: American Enterprise Institute Published: January 2020

Source: American Enterprise Institute
Published: January 2020

22 Years of Price Changes

Circulated: March 12, 2020

During the most recent 22-year period from January 1998 to December 2019, the overall inflation among a selected basket of US consumer goods and services increased by 59.6%. The chart displays the relative price increases over for 14 selected consumer goods and services, and for average hourly earnings (wages).

• Hospital services +220%

• College tuition +188%

• College textbooks +179%

• TVs –97.6%

• Toys –75.5%

• Software –71.0%