Clocks, lamps, and decorator items price inflation, 2022→2024

Clocks, Lamps, And Decorator Items Inflation Calculator

Prices for Clocks, Lamps, And Decorator Items, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for clocks, lamps, and decorator items are 2.63% lower in 2024 versus 2022 (a $0.53 difference in value).

Between 2022 and 2024: Clocks, lamps, and decorator items experienced an average inflation rate of -1.32% per year. In other words, clocks, lamps, and decorator items costing $20 in the year 2022 would cost $19.47 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for clocks, lamps, and decorator items was significantly lower.

In the year 2022: Pricing changed by 8.06%, which is significantly above the average yearly change for clocks, lamps, and decorator items during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for clocks, lamps, and decorator items was higher.

Price Inflation for Clocks, lamps, and decorator items since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (10.55%), 2006 (-9.59%), and 2017 (-8.59%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Clocks, lamps, and decorator items, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	8.06%
2023	$19.90	-0.52%
2024	$19.47	-2.12%*

* 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 Clocks, lamps, and decorator items:

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	75.200	76.692	80.262	88.731	94.800	98.192	100.200	101.592	103.254	102.277	102.946	105.431	109.015	112.769	116.631	118.500	119.700	119.385	119.238	119.985	119.777	120.154	116.792	111.723	107.485	103.285	96.177	91.438	88.031	79.585	73.604	69.854	67.192	62.862	59.476	56.099	52.784	49.431	47.123	44.848	40.998	37.709	37.065	36.769	37.824	40.871	40.658	39.796

Adjust clocks, lamps, and decorator items prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Clocks, lamps, and decorator items was 40.871 in the year 2022 and 39.796 in 2024:

39.796 / 40.871 * $20 = $19.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $19.47 in 2024 (in the CPI category of Clocks, lamps, and decorator items).

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