According to the U.S. Bureau of Labor Statistics, prices for appliances were 1.41% lower in 2021 versus 2014 (a $0.28 difference in value).
Between 2014 and 2021: Appliances experienced an average inflation rate of -0.20% per year. In other words, appliances costing $20 in the year 2014 would cost $19.72 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.44% 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 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for appliances was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Appliances:
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:
|Year||USD Value||Inflation Rate|