Bedroom furniture priced at $20 in 2017 $23.15 in 2023

Bedroom Furniture Inflation Calculator

$

Prices for Bedroom Furniture, 2017-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bedroom furniture are 15.77% higher in 2023 versus 2017 (a $3.15 difference in value).

Between 2017 and 2023: Bedroom furniture experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, bedroom furniture costing $20 in the year 2017 would cost $23.15 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for bedroom furniture was lower.

In the year 2017: Pricing changed by -0.94%, which is significantly below the average yearly change for bedroom furniture during the 2017-2023 time period. Compared to inflation for all items in 2017 (2.13%), inflation for bedroom furniture was much lower.

Price Inflation for Bedroom furniture since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (10.37%), 2022 (9.24%), and 1979 (8.65%).

View price changes for other categories
Public transportation · Educational books and supplies · New cars · Medical care · More

Buying power of $20.00 since 2017

Below are calculations of equivalent buying power for Bedroom furniture, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2017$20.00-0.94%
2018$19.99-0.06%
2019$20.251.33%
2020$20.00-1.25%
2021$21.155.73%
2022$23.109.24%
2023$23.150.22%*

* 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 Bedroom furniture:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI66.70069.61575.63883.48590.00095.754101.123103.123107.462113.915114.077117.700117.577118.485120.115126.800132.523135.131136.354139.285141.500141.285140.977138.392136.592135.300133.908137.254142.654145.431144.742143.715142.963136.410136.089136.734135.220133.243130.675129.330128.114128.036129.742128.123135.466147.985148.317

Adjust bedroom furniture prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2017 * 2017 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Bedroom furniture was 128.114 in the year 2017 and 148.317 in 2023:

148.317 / 128.114 * $20 = $23.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2017 has the same "purchasing power" as $23.15 in 2023 (in the CPI category of Bedroom furniture).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Bedroom furniture in 1977. In addition to bedroom furniture, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.