Jewelry and watches price inflation, 2020→2024

Jewelry And Watches Inflation Calculator

Prices for Jewelry And Watches, 2020-2024 ($100)

According to the U.S. Bureau of Labor Statistics, prices for jewelry and watches are 17.10% higher in 2024 versus 2020 (a $17.10 difference in value).

Between 2020 and 2024: Jewelry and watches experienced an average inflation rate of 4.03% per year. This rate of change indicates significant inflation. In other words, jewelry and watches costing $100 in the year 2020 would cost $117.10 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for jewelry and watches was lower.

In the year 2020: Pricing changed by -0.60%, which is significantly below the average yearly change for jewelry and watches during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for jewelry and watches was lower.

Price Inflation for Jewelry and watches since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2011 (8.41%), 1990 (8.25%), and 1988 (7.57%).

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Buying power of $100.00 since 2020

Below are calculations of equivalent buying power for Jewelry and watches, over time, for $100 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
2020	$100.00	-0.60%
2021	$107.50	7.50%
2022	$110.31	2.61%
2023	$115.95	5.12%
2024	$117.10	0.99%*

* 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 Jewelry and watches:

Year	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	106.223	114.262	121.000	130.977	137.508	142.908	146.492	151.031	152.577	149.638	145.369	142.369	140.654	136.977	136.900	133.238	128.692	129.454	127.577	130.677	137.092	146.522	149.181	152.367	165.185	167.348	168.198	163.550	160.013	169.056	174.157	172.700	171.463	170.431	183.213	187.996	197.621	199.580

Adjust jewelry and watches prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Jewelry and watches was 170.431 in the year 2020 and 199.580 in 2024:

199.580 / 170.431 * $100 = $117.10

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2020 has the same "purchasing power" as $117.10 in 2024 (in the CPI category of Jewelry and watches).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Jewelry and watches in 1986. In addition to jewelry and watches, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.