According to the U.S. Bureau of Labor Statistics, prices for appliances were 6.59% higher in 2020 versus 2017 (a $1.32 difference in value).
Between 2017 and 2020: Appliances experienced an average inflation rate of 2.15% per year. This rate of change indicates significant inflation. In other words, appliances costing $20 in the year 2017 would cost $21.32 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for appliances was higher.
In the year 2017: Pricing changed by -2.50%, which is significantly below the average yearly change for appliances during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|