According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations are 9% higher in 2021 versus 2017 (a $1.80 difference in value).
Between 2017 and 2021: Household furnishings and operations experienced an average inflation rate of 2.18% per year. This rate of change indicates significant inflation. In other words, household furnishings and operations costing $20 in the year 2017 would cost $21.80 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for household furnishings and operations was lower.
In the year 2017: Pricing changed by -0.74%, which is below the average yearly change for household furnishings and operations during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. 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: