According to the U.S. Bureau of Labor Statistics, prices for durables are 11.65% higher in 2024 versus 1988 (a $2.33 difference in value).
Between 1988 and 2024: Durables experienced an average inflation rate of 0.31% per year. In other words, durables costing $20 in the year 1988 would cost $22.33 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for durables was lower.
In the year 1988: Pricing changed by 2.01%, which is above the average yearly change for durables during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for durables was lower.
Below are calculations of equivalent buying power for Durables, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1988 | $20.00 | 2.01% |
1989 | $20.32 | 1.62% |
1990 | $20.55 | 1.12% |
1991 | $21.02 | 2.28% |
1992 | $21.49 | 2.22% |
1993 | $21.98 | 2.27% |
1994 | $22.61 | 2.91% |
1995 | $23.19 | 2.56% |
1996 | $23.44 | 1.07% |
1997 | $23.33 | -0.49% |
1998 | $23.12 | -0.90% |
1999 | $22.83 | -1.25% |
2000 | $22.72 | -0.47% |
2001 | $22.58 | -0.61% |
2002 | $22.00 | -2.57% |
2003 | $21.29 | -3.23% |
2004 | $20.80 | -2.32% |
2005 | $20.89 | 0.42% |
2006 | $20.74 | -0.68% |
2007 | $20.38 | -1.74% |
2008 | $20.09 | -1.42% |
2009 | $19.91 | -0.92% |
2010 | $20.17 | 1.33% |
2011 | $20.40 | 1.11% |
2012 | $20.44 | 0.21% |
2013 | $20.28 | -0.80% |
2014 | $20.00 | -1.38% |
2015 | $19.77 | -1.12% |
2016 | $19.44 | -1.68% |
2017 | $19.08 | -1.86% |
2018 | $18.92 | -0.82% |
2019 | $18.99 | 0.35% |
2020 | $19.16 | 0.90% |
2021 | $21.19 | 10.59% |
2022 | $23.21 | 9.54% |
2023 | $22.91 | -1.30% |
2024 | $22.33 | -2.53%* |
* 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 Durables:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 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 | 17.800 | 18.083 | 19.320 | 19.500 | 19.120 | 18.980 | 20.460 | 23.080 | 23.880 | 26.200 | 28.040 | 29.360 | 31.840 | 34.160 | 34.440 | 35.000 | 37.660 | 38.000 | 37.700 | 36.740 | 36.020 | 36.085 | 37.246 | 37.808 | 38.354 | 38.138 | 38.138 | 38.515 | 38.615 | 38.946 | 38.800 | 38.838 | 39.446 | 40.638 | 42.208 | 44.077 | 45.931 | 46.915 | 48.069 | 51.500 | 57.377 | 60.877 | 64.377 | 68.577 | 75.369 | 82.977 | 89.600 | 95.085 | 99.800 | 105.100 | 106.762 | 106.577 | 108.192 | 110.369 | 112.154 | 113.415 | 116.000 | 118.577 | 121.269 | 124.792 | 127.992 | 129.362 | 128.723 | 127.562 | 125.969 | 125.377 | 124.615 | 121.415 | 117.492 | 114.769 | 115.254 | 114.469 | 112.473 | 110.877 | 109.859 | 111.324 | 112.557 | 112.790 | 111.889 | 110.349 | 109.116 | 107.279 | 105.283 | 104.420 | 104.781 | 105.723 | 116.923 | 128.077 | 126.415 | 123.223 |