According to the U.S. Bureau of Labor Statistics, prices for appliances were 8.38% lower in 2020 versus 2005 (a $1.68 difference in value).
Between 2005 and 2020: Appliances experienced an average inflation rate of -0.58% per year. In other words, appliances costing $20 in the year 2005 would cost $18.32 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for appliances was lower.
In the year 2005: Pricing changed by 1.11%, which is above the average yearly change for appliances during the 2005-2020 time period. Compared to inflation for all items in 2005 (3.39%), inflation for appliances was lower.
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 |
Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2005 | $20.00 | 1.11% |
2006 | $20.28 | 1.38% |
2007 | $20.67 | 1.93% |
2008 | $20.70 | 0.14% |
2009 | $20.97 | 1.30% |
2010 | $20.01 | -4.53% |
2011 | $19.77 | -1.21% |
2012 | $20.28 | 2.57% |
2013 | $19.88 | -1.98% |
2014 | $19.00 | -4.44% |
2015 | $18.25 | -3.92% |
2016 | $17.63 | -3.39% |
2017 | $17.19 | -2.50% |
2018 | $17.44 | 1.46% |
2019 | $17.84 | 2.27% |
2020 | $18.32 | 2.72%* |