Appliances price inflation, 2005→2023

Appliances Inflation Calculator

Prices for Appliances, 2005-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for appliances are 2.81% higher in 2023 versus 2005 (a $0.56 difference in value).

Between 2005 and 2023: Appliances experienced an average inflation rate of 0.15% per year. In other words, appliances costing $20 in the year 2005 would cost $20.56 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% 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 2005-2023 time period. Compared to inflation for all items in 2005 (3.39%), 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%).

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Buying power of $20.00 since 2005

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%
2021	$19.45	6.14%
2022	$20.38	4.81%
2023	$20.56	0.88%*

* 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
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	89.314

Adjust appliances prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2005 * 2005 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Appliances was 86.869 in the year 2005 and 89.314 in 2023:

89.314 / 86.869 * $20 = $20.56

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2005 has the same "purchasing power" as $20.56 in 2023 (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.