Household furnishings and operations price inflation, 2014→2023

Household Furnishings And Operations Inflation Calculator

Prices for Household Furnishings And Operations, 2014-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations are 20.71% higher in 2023 versus 2014 (a $4.14 difference in value).

Between 2014 and 2023: Household furnishings and operations experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, household furnishings and operations costing $20 in the year 2014 would cost $24.14 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation for household furnishings and operations was lower.

In the year 2014: Pricing changed by -1.30%, which is significantly below the average yearly change for household furnishings and operations during the 2014-2023 time period. Compared to inflation for all items in 2014 (1.62%), 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%).

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Buying power of $20.00 since 2014

Below are calculations of equivalent buying power for Household furnishings and operations, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2014	$20.00	-1.30%
2015	$19.91	-0.44%
2016	$19.75	-0.81%
2017	$19.61	-0.74%
2018	$19.74	0.70%
2019	$20.11	1.84%
2020	$20.45	1.72%
2021	$21.37	4.49%
2022	$23.31	9.07%
2023	$24.14	3.57%*

* 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:

Year	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
CPI	42.008	43.608	45.231	46.862	48.600	49.692	51.092	56.815	63.408	67.262	70.354	74.638	79.954	86.300	92.954	97.962	100.192	101.862	103.854	105.200	107.092	109.385	111.238	113.269	115.969	117.992	119.262	121.015	123.008	124.677	125.369	126.554	126.738	128.238	129.077	128.338	126.115	125.477	126.092	127.023	126.875	127.800	128.701	125.490	124.943	125.749	124.765	123.147	122.604	121.615	120.716	121.566	123.797	125.926	131.582	143.518	148.647

Adjust household furnishings and operations prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2014 * 2014 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Household furnishings and operations was 123.147 in the year 2014 and 148.647 in 2023:

148.647 / 123.147 * $20 = $24.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $24.14 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.