Household furnishings and operations priced at $20 in 2016 $24.44 in 2023

Household Furnishings And Operations Inflation Calculator


Prices for Household Furnishings And Operations, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations are 22.22% higher in 2023 versus 2016 (a $4.44 difference in value).

Between 2016 and 2023: Household furnishings and operations experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, household furnishings and operations costing $20 in the year 2016 would cost $24.44 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for household furnishings and operations was lower.

In the year 2016: Pricing changed by -0.81%, which is significantly below the average yearly change for household furnishings and operations during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016

Below are calculations of equivalent buying power for Household furnishings and operations, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust household furnishings and operations prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Household furnishings and operations was 121.615 in the year 2016 and 148.643 in 2023:

148.643 / 121.615 * $20 = $24.44

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.44 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.

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