According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations are 14.61% higher in 2022 versus 2014 (a $2.92 difference in value).
Between 2014 and 2022: Household furnishings and operations experienced an average inflation rate of 1.72% per year. In other words, household furnishings and operations costing $20 in the year 2014 would cost $22.92 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% 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 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), inflation for household furnishings and operations was lower.
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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household furnishings and operations: