Appliances priced at $20 in 2014 $21.51 in 2023

Appliances Inflation Calculator


Prices for Appliances, 2014-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for appliances are 7.54% higher in 2023 versus 2014 (a $1.51 difference in value).

Between 2014 and 2023: Appliances experienced an average inflation rate of 0.81% per year. In other words, appliances costing $20 in the year 2014 would cost $21.51 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for appliances was lower.

In the year 2014: Pricing changed by -4.44%, which is significantly below the average yearly change for appliances during the 2014-2023 time period. Compared to inflation for all items in 2014 (1.62%), inflation for appliances was much 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 2014

Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust appliances prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2014 * 2014 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Appliances was 82.509 in the year 2014 and 88.729 in 2023:

88.729 / 82.509 * $20 = $21.51

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $21.51 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.

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