Appliances priced at $20 in 1998 $17.09 in 2024

Appliances Inflation Calculator

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Prices for Appliances, 1998-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for appliances are 14.56% lower in 2024 versus 1998 (a $2.91 difference in value).

Between 1998 and 2024: Appliances experienced an average inflation rate of -0.60% per year. In other words, appliances costing $20 in the year 1998 would cost $17.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for appliances was significantly lower.

In the year 1998: Pricing changed by 0.20%, which is above the average yearly change for appliances during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for appliances was lower.

Price Inflation for Appliances since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (6.14%), 2022 (4.81%), and 2010 (-4.53%).

View price changes for other categories
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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.000.20%
1999$19.51-2.46%
2000$19.22-1.48%
2001$18.90-1.65%
2002$18.50-2.11%
2003$17.86-3.50%
2004$17.15-3.96%
2005$17.341.11%
2006$17.581.38%
2007$17.921.93%
2008$17.940.14%
2009$18.181.30%
2010$17.35-4.53%
2011$17.14-1.21%
2012$17.582.57%
2013$17.23-1.98%
2014$16.47-4.44%
2015$15.82-3.92%
2016$15.29-3.39%
2017$14.90-2.50%
2018$15.121.46%
2019$15.472.27%
2020$15.892.72%
2021$16.866.14%
2022$17.674.81%
2023$17.54-0.74%
2024$17.09-2.59%*

* 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 Appliances:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.20097.73196.28594.70092.70089.45485.91586.86988.06989.76989.89691.06386.93485.87888.08386.34282.50979.27276.58674.67075.75977.48279.59284.47888.53887.87985.607

Adjust appliances prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Appliances was 100.200 in the year 1998 and 85.607 in 2024:

85.607 / 100.200 * $20 = $17.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $17.09 in 2024 (in the CPI category of Appliances).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Appliances in 1997. In addition to appliances, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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