According to the U.S. Bureau of Labor Statistics, prices for appliances are 12.80% higher in 2022 versus 2015 (a $2.56 difference in value).
Between 2015 and 2022: Appliances experienced an average inflation rate of 1.74% per year. In other words, appliances costing $20 in the year 2015 would cost $22.56 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for appliances was lower.
In the year 2015: Pricing changed by -3.92%, which is significantly below the average yearly change for appliances during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for appliances was much lower.
Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Appliances: