Household furnishings and operations priced at $20 in 1983 $29.67 in 2023

Household Furnishings And Operations Inflation Calculator

$

Prices for Household Furnishings And Operations, 1983-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations are 48.36% higher in 2023 versus 1983 (a $9.67 difference in value).

Between 1983 and 2023: Household furnishings and operations experienced an average inflation rate of 0.99% per year. In other words, household furnishings and operations costing $20 in the year 1983 would cost $29.67 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for household furnishings and operations was lower.

In the year 1983: Pricing changed by 2.28%, which is above the average yearly change for household furnishings and operations during the 1983-2023 time period. Compared to inflation for all items in 1983 (3.21%), inflation for household furnishings and operations was lower.

Price Inflation for Household furnishings and operations since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (11.60%), 1974 (11.20%), and 2022 (9.07%).

View price changes for other categories
Juices and nonalcoholic drinks · Wine at home · Boston, Massachusetts · San Diego, California · More

Buying power of $20.00 since 1983

Below are calculations of equivalent buying power for Household furnishings and operations, over time, for $20 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$20.002.28%
1984$20.331.67%
1985$20.731.96%
1986$21.001.30%
1987$21.381.80%
1988$21.832.14%
1989$22.201.69%
1990$22.611.83%
1991$23.152.38%
1992$23.551.74%
1993$23.811.08%
1994$24.161.47%
1995$24.551.65%
1996$24.891.36%
1997$25.030.56%
1998$25.260.94%
1999$25.300.15%
2000$25.601.18%
2001$25.770.65%
2002$25.62-0.57%
2003$25.17-1.73%
2004$25.05-0.51%
2005$25.170.49%
2006$25.360.74%
2007$25.33-0.12%
2008$25.510.73%
2009$25.690.71%
2010$25.05-2.50%
2011$24.94-0.44%
2012$25.100.65%
2013$24.91-0.78%
2014$24.58-1.30%
2015$24.47-0.44%
2016$24.28-0.81%
2017$24.10-0.74%
2018$24.270.70%
2019$24.711.84%
2020$25.141.72%
2021$26.274.49%
2022$28.659.07%
2023$29.673.57%*

* 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 Household furnishings and operations:

Year196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI42.00843.60845.23146.86248.60049.69251.09256.81563.40867.26270.35474.63879.95486.30092.95497.962100.192101.862103.854105.200107.092109.385111.238113.269115.969117.992119.262121.015123.008124.677125.369126.554126.738128.238129.077128.338126.115125.477126.092127.023126.875127.800128.701125.490124.943125.749124.765123.147122.604121.615120.716121.566123.797125.926131.582143.518148.643

Adjust household furnishings and operations prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1983 * 1983 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Household furnishings and operations was 100.192 in the year 1983 and 148.643 in 2023:

148.643 / 100.192 * $20 = $29.67

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1983 has the same "purchasing power" as $29.67 in 2023 (in the CPI category of Household furnishings and operations).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Household furnishings and operations in 1967. In addition to household furnishings and operations, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.