Living room, kitchen, and dining room furniture price inflation, 2016→2024

Living Room, Kitchen, And Dining Room Furniture Inflation Calculator

Prices for Living Room, Kitchen, And Dining Room Furniture, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for living room, kitchen, and dining room furniture are 22.94% higher in 2024 versus 2016 (a $4.59 difference in value).

Between 2016 and 2024: Living room, kitchen, and dining room furniture experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, living room, kitchen, and dining room furniture costing $20 in the year 2016 would cost $24.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for living room, kitchen, and dining room furniture was lower.

In the year 2016: Pricing changed by -1.63%, which is significantly below the average yearly change for living room, kitchen, and dining room furniture during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for living room, kitchen, and dining room furniture was lower.

Price Inflation for Living room, kitchen, and dining room furniture since 1997

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

Years with the largest changes in pricing: 2022 (14.75%), 2021 (9.76%), and 2024 (-3.43%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Living room, kitchen, and dining room furniture, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	-1.63%
2017	$19.83	-0.83%
2018	$19.96	0.65%
2019	$20.62	3.28%
2020	$20.65	0.17%
2021	$22.67	9.76%
2022	$26.01	14.75%
2023	$25.46	-2.11%
2024	$24.59	-3.43%*

* 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 Living room, kitchen, and dining room furniture:

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	101.600	101.815	102.400	101.477	98.638	97.162	95.915	92.654	92.785	91.626	90.469	90.711	88.932	88.864	90.768	90.094	87.106	86.764	85.349	84.642	85.189	87.984	88.133	96.731	110.999	108.662	104.933

Adjust living room, kitchen, and dining room furniture prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Living room, kitchen, and dining room furniture was 85.349 in the year 2016 and 104.933 in 2024:

104.933 / 85.349 * $20 = $24.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.59 in 2024 (in the CPI category of Living room, kitchen, and dining room furniture).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Living room, kitchen, and dining room furniture in 1997. In addition to living room, kitchen, and dining room furniture, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.