Furniture and bedding price inflation, 2023→2024

Furniture And Bedding Inflation Calculator

Prices for Furniture And Bedding, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for furniture and bedding are 3.36% lower in 2024 versus 2023 (a $0.67 difference in value).

Between 2023 and 2024: Furniture and bedding experienced an average inflation rate of -3.36% per year. This rate of change indicates significant deflation. In other words, furniture and bedding costing $20 in the year 2023 would cost $19.33 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for furniture and bedding was significantly lower.

In the year 2023: Pricing changed by -1.56%, which is above the average yearly change for furniture and bedding during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for furniture and bedding was much lower.

Price Inflation for Furniture and bedding since 1935

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

Years with the largest changes in pricing: 1942 (13.79%), 1944 (13.17%), and 2022 (12.19%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Furniture and bedding, 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	-1.56%
2024	$19.33	-3.36%*

* 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 Furniture and bedding:

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	15.900	16.600	18.600	18.200	17.900	18.200	20.300	23.100	24.300	27.500	30.000	32.500	36.240	39.760	38.420	39.160	43.020	42.060	41.780	41.380	40.700	41.060	42.060	41.780	41.860	41.960	42.400	42.600	42.780	42.833	43.133	44.260	45.920	48.300	50.908	52.962	54.577	55.523	57.423	62.369	67.354	69.754	72.385	76.077	81.208	88.031	93.800	97.715	100.138	102.131	104.862	107.200	109.708	113.238	113.908	115.685	116.608	120.592	123.515	128.169	130.862	134.092	134.462	135.031	134.885	134.385	132.154	129.431	127.715	127.300	125.923	126.977	125.836	124.535	124.787	119.738	118.556	120.225	118.732	115.539	114.659	112.064	111.011	111.055	113.649	113.705	122.966	137.954	135.808	131.240

Adjust furniture and bedding 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 Furniture and bedding was 135.808 in the year 2023 and 131.240 in 2024:

131.240 / 135.808 * $20 = $19.33

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.33 in 2024 (in the CPI category of Furniture and bedding).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Furniture and bedding in 1935. In addition to furniture and bedding, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.