According to the U.S. Bureau of Labor Statistics, prices for household furnishings and operations were 3.42% higher in 2021 versus 2020 (a $0.68 difference in value).
Between 2020 and 2021: Household furnishings and operations experienced an average inflation rate of 3.42% per year. This rate of change indicates significant inflation. In other words, household furnishings and operations costing $20 in the year 2020 would cost $20.68 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.82% during this same period, inflation for household furnishings and operations was lower.
In the year 2020: Pricing changed by 1.72%, which is below the average yearly change for household furnishings and operations during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for household furnishings and operations was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household furnishings and operations:
Below are calculations of equivalent buying power for Household furnishings and operations, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|