Household furnishings and operations priced at $20 in 1971 $49.90 in 2018

Historical Price Inflation for Household furnishings and operations

$

Prices for Household Furnishings And Operations, 1971-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations were 149.48% higher in 2018 versus 1971 (a $29.90 difference in value).

Between 1971 and 2018: Household furnishings and operations experienced an average inflation rate of 1.96% per year. In other words, household furnishings and operations costing $20 in the year 1971 would cost $49.90 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation for household furnishings and operations was lower.

In the year 1971: Pricing changed by 3.70%, which is above the average yearly change for household furnishings and operations during the 1971-2018 time period. Compared to inflation for all items in 1971 (4.30%), inflation for household furnishings and operations was lower.

Price Inflation for Household furnishings and operations since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (11.59%), 1974 (11.21%), and 1980 (7.89%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household furnishings and operations:

Year 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 42.008 43.600 45.208 46.842 48.575 49.658 51.083 56.808 63.392 67.233 70.333 74.617 79.958 86.267 92.917 97.917 100.158 101.833 103.792 105.200 107.192 109.417 111.217 113.267 115.967 117.992 119.258 121.025 122.983 124.667 125.367 126.550 126.742 128.258 129.067 128.342 126.133 125.475 126.075 127.025 126.876 127.804 128.702 125.488 124.943 125.748 124.766 123.151 122.609 121.618 120.717 121.186

View price changes for other categories
New cars · Bananas · Legal services · New York · More

Buying power of $20 since 1971

Below are calculations of equivalent buying power for Household furnishings and operations, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1971 $20.00 3.70%
1972 $20.45 2.23%
1973 $21.03 2.87%
1974 $23.39 11.21%
1975 $26.10 11.59%
1976 $27.68 6.06%
1977 $28.96 4.61%
1978 $30.72 6.09%
1979 $32.92 7.16%
1980 $35.52 7.89%
1981 $38.26 7.71%
1982 $40.32 5.38%
1983 $41.24 2.29%
1984 $41.93 1.67%
1985 $42.73 1.92%
1986 $43.31 1.36%
1987 $44.13 1.89%
1988 $45.05 2.08%
1989 $45.79 1.65%
1990 $46.64 1.84%
1991 $47.75 2.38%
1992 $48.58 1.75%
1993 $49.10 1.07%
1994 $49.83 1.48%
1995 $50.64 1.62%
1996 $51.33 1.37%
1997 $51.62 0.56%
1998 $52.10 0.94%
1999 $52.18 0.15%
2000 $52.81 1.20%
2001 $53.14 0.63%
2002 $52.84 -0.56%
2003 $51.93 -1.72%
2004 $51.66 -0.52%
2005 $51.91 0.48%
2006 $52.30 0.75%
2007 $52.24 -0.12%
2008 $52.62 0.73%
2009 $52.99 0.70%
2010 $51.67 -2.50%
2011 $51.44 -0.43%
2012 $51.77 0.64%
2013 $51.37 -0.78%
2014 $50.71 -1.29%
2015 $50.48 -0.44%
2016 $50.07 -0.81%
2017 $49.70 -0.74%
2018 $49.90 0.39%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for household furnishings and operations, 1971-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1971 * 1971 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Household furnishings and operations was 48.575 in the year 1971 and 121.186 in 2018:

121.186 / 48.575 * $20 = $49.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1971 has the same "purchasing power" as $49.90 in 2018 (in the CPI category of Household furnishings and operations).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Household furnishings and operations in 1967. In addition to household furnishings and operations, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation.