Appliances priced at $20 in 2018 $22.54 in 2024

Appliances Inflation Calculator


Prices for Appliances, 2018-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for appliances are 12.70% higher in 2024 versus 2018 (a $2.54 difference in value).

Between 2018 and 2024: Appliances experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, appliances costing $20 in the year 2018 would cost $22.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.64% during this same period, inflation for appliances was lower.

In the year 2018: Pricing changed by 1.46%, which is below the average yearly change for appliances during the 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), inflation for appliances was 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 2018

Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 2018. 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 2024 / CPI in 2018 * 2018 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Appliances was 75.759 in the year 2018 and 85.383 in 2024:

85.383 / 75.759 * $20 = $22.54

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $22.54 in 2024 (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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