Bedroom furniture price inflation, 2023→2024

Bedroom Furniture Inflation Calculator

Prices for Bedroom Furniture, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bedroom furniture are 1.86% lower in 2024 versus 2023 (a $0.37 difference in value).

Between 2023 and 2024: Bedroom furniture experienced an average inflation rate of -1.86% per year. In other words, bedroom furniture costing $20 in the year 2023 would cost $19.63 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for bedroom furniture was significantly lower.

In the year 2023: Pricing changed by -0.38%, which is above the average yearly change for bedroom furniture during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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
Detroit, Michigan · Phoenix, Arizona · Electricity · Fresh fruits · More

Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Bedroom furniture, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	-0.38%
2024	$19.63	-1.86%*

* 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:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	2023	2024
CPI	66.700	69.615	75.638	83.485	90.000	95.754	101.123	103.123	107.462	113.915	114.077	117.700	117.577	118.485	120.115	126.800	132.523	135.131	136.354	139.285	141.500	141.285	140.977	138.392	136.592	135.300	133.908	137.254	142.654	145.431	144.742	143.715	142.963	136.410	136.089	136.734	135.220	133.243	130.675	129.330	128.114	128.036	129.742	128.123	135.466	147.985	147.426	144.679

Adjust bedroom furniture prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Bedroom furniture was 147.426 in the year 2023 and 144.679 in 2024:

144.679 / 147.426 * $20 = $19.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.63 in 2024 (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.