According to the U.S. Bureau of Labor Statistics, prices for appliances are 15.08% lower in 2024 versus 1998 (a $3.02 difference in value).
Between 1998 and 2024: Appliances experienced an average inflation rate of -0.63% per year. In other words, appliances costing $20 in the year 1998 would cost $16.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% 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.
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:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 0.20% |
| 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 | $17.34 | 1.11% |
| 2006 | $17.58 | 1.38% |
| 2007 | $17.92 | 1.93% |
| 2008 | $17.94 | 0.14% |
| 2009 | $18.18 | 1.30% |
| 2010 | $17.35 | -4.53% |
| 2011 | $17.14 | -1.21% |
| 2012 | $17.58 | 2.57% |
| 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 | $15.12 | 1.46% |
| 2019 | $15.47 | 2.27% |
| 2020 | $15.89 | 2.72% |
| 2021 | $16.86 | 6.14% |
| 2022 | $17.67 | 4.81% |
| 2023 | $17.54 | -0.74% |
| 2024 | $16.98 | -3.18%* |
* 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 100.200 | 97.731 | 96.285 | 94.700 | 92.700 | 89.454 | 85.915 | 86.869 | 88.069 | 89.769 | 89.896 | 91.063 | 86.934 | 85.878 | 88.083 | 86.342 | 82.509 | 79.272 | 76.586 | 74.670 | 75.759 | 77.482 | 79.592 | 84.478 | 88.538 | 87.879 | 85.085 |