According to the U.S. Bureau of Labor Statistics, prices for household operations are 5.96% higher in 2024 versus 2023 (a $1.19 difference in value).
Between 2023 and 2024: Household operations experienced an average inflation rate of 5.96% per year. This rate of change indicates significant inflation. In other words, household operations costing $20 in the year 2023 would cost $21.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation for household operations was significantly higher.
In the year 2023: Pricing changed by 5.98%, which is above the average yearly change for household operations during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for household operations was higher.
Below are calculations of equivalent buying power for Household operations, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | 5.98% |
| 2024 | $21.19 | 5.96%* |
* 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 operations:
| Year | 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 | 2024 |
| CPI | 100.000 | 101.531 | 104.500 | 110.477 | 115.554 | 118.969 | 121.838 | 125.008 | 130.262 | 136.569 | 140.621 | 147.542 | 150.265 | 150.260 | 151.796 | 155.152 | 157.647 | 161.574 | 166.945 | 171.600 | 176.290 | 185.988 | 194.489 | 200.556 | 212.879 | 227.528 | 241.141 | 255.513 |