According to the U.S. Bureau of Labor Statistics, prices for appliances are 2.89% higher in 2024 versus 2014 (a $0.58 difference in value).
Between 2014 and 2024: Appliances experienced an average inflation rate of 0.28% per year. In other words, appliances costing $20 in the year 2014 would cost $20.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.85% 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 2014-2024 time period. Compared to inflation for all items in 2014 (1.62%), inflation for appliances was much lower.
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 |
---|---|---|
2014 | $20.00 | -4.44% |
2015 | $19.22 | -3.92% |
2016 | $18.56 | -3.39% |
2017 | $18.10 | -2.50% |
2018 | $18.36 | 1.46% |
2019 | $18.78 | 2.27% |
2020 | $19.29 | 2.72% |
2021 | $20.48 | 6.14% |
2022 | $21.46 | 4.81% |
2023 | $21.30 | -0.74% |
2024 | $20.58 | -3.40%* |
* 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 | 2024 |
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 | 87.879 | 84.891 |