According to the U.S. Bureau of Labor Statistics, prices for appliances are 12.23% higher in 2022 versus 2020 (a $2.45 difference in value).
Between 2020 and 2022: Appliances experienced an average inflation rate of 5.94% per year. This rate of change indicates significant inflation. In other words, appliances costing $20 in the year 2020 would cost $22.45 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.76% during this same period, inflation for appliances was higher.
In the year 2020: Pricing changed by 2.72%, which is significantly below the average yearly change for appliances during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for appliances was higher.
Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 2.72% |
| 2021 | $21.23 | 6.14% |
| 2022 | $22.45 | 5.74%* |
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 |
| 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 | 89.325 |