According to the U.S. Bureau of Labor Statistics, prices for floor coverings are 22.08% higher in 2023 versus 2016 (a $4.42 difference in value).
Between 2016 and 2023: Floor coverings experienced an average inflation rate of 2.89% per year. This rate of change indicates significant inflation. In other words, floor coverings costing $20 in the year 2016 would cost $24.42 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for floor coverings was lower.
In the year 2016: Pricing changed by 1.34%, which is below the average yearly change for floor coverings during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for floor coverings was higher.
Below are calculations of equivalent buying power for Floor coverings, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 1.34% |
| 2017 | $19.83 | -0.85% |
| 2018 | $20.38 | 2.77% |
| 2019 | $20.67 | 1.42% |
| 2020 | $20.36 | -1.50% |
| 2021 | $20.88 | 2.57% |
| 2022 | $23.20 | 11.09% |
| 2023 | $24.42 | 5.25%* |
* 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 Floor coverings:
| 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 | 2023 |
| CPI | 100.000 | 101.538 | 101.631 | 104.238 | 107.423 | 108.731 | 107.469 | 107.477 | 111.738 | 116.685 | 118.117 | 118.119 | 118.794 | 114.508 | 114.589 | 112.789 | 108.248 | 108.273 | 108.581 | 110.032 | 109.101 | 112.124 | 113.718 | 112.016 | 114.891 | 127.634 | 134.332 |