According to the U.S. Bureau of Labor Statistics, prices for living room, kitchen, and dining room furniture are 3.26% lower in 2024 versus 2023 (a $0.65 difference in value).
Between 2023 and 2024: Living room, kitchen, and dining room furniture experienced an average inflation rate of -3.26% per year. This rate of change indicates significant deflation. In other words, living room, kitchen, and dining room furniture costing $20 in the year 2023 would cost $19.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for living room, kitchen, and dining room furniture was significantly lower.
In the year 2023: Pricing changed by -2.11%, which is above the average yearly change for living room, kitchen, and dining room furniture during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for living room, kitchen, and dining room furniture was much lower.
Below are calculations of equivalent buying power for Living room, kitchen, and dining room furniture, 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 | -2.11% |
| 2024 | $19.35 | -3.26%* |
* 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 | 105.125 |