Appliances priced at $20 in 1998 $15.89 in 2020

Appliances Inflation Calculator

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Prices for Appliances, 1998-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for appliances were 20.57% lower in 2020 versus 1998 (a $4.11 difference in value).

Between 1998 and 2020: Appliances experienced an average inflation rate of -1.04% per year. In other words, appliances costing $20 in the year 1998 would cost $15.89 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.12% 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 1998-2020 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: 2010 (-4.53%), 2014 (-4.44%), and 2004 (-3.96%).

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
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

View price changes for other categories
Alcoholic beverages · Fresh fruits · Juices and nonalcoholic drinks · Frankfurters · More

Buying power of $20 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:

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%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for appliances, 1998-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1998 * 1998 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Appliances was 100.200 in the year 1998 and 79.592 in 2020:

79.592 / 100.200 * $20 = $15.89

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $15.89 in 2020 (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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