Major appliances price inflation, 2004→2024

Major Appliances Inflation Calculator

Prices for Major Appliances, 2004-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for major appliances are 0.40% higher in 2024 versus 2004 (a $0.08 difference in value).

Between 2004 and 2024: Major appliances experienced an average inflation rate of 0.02% per year. In other words, major appliances costing $20 in the year 2004 would cost $20.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for major appliances was lower.

In the year 2004: Pricing changed by -3.31%, which is significantly below the average yearly change for major appliances during the 2004-2024 time period. Compared to inflation for all items in 2004 (2.68%), inflation for major appliances was much lower.

Price Inflation for Major appliances since 1997

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

Years with the largest changes in pricing: 2021 (10.77%), 2023 (-8.77%), and 2014 (-6.13%).

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Buying power of $20.00 since 2004

Below are calculations of equivalent buying power for Major appliances, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2004	$20.00	-3.31%
2005	$20.68	3.39%
2006	$21.29	2.94%
2007	$22.09	3.79%
2008	$22.41	1.46%
2009	$22.53	0.52%
2010	$21.57	-4.29%
2011	$21.26	-1.42%
2012	$22.43	5.50%
2013	$21.92	-2.26%
2014	$20.58	-6.13%
2015	$19.45	-5.47%
2016	$18.39	-5.44%
2017	$17.53	-4.69%
2018	$18.27	4.20%
2019	$18.64	2.04%
2020	$19.51	4.64%
2021	$21.61	10.77%
2022	$22.80	5.54%
2023	$20.80	-8.77%
2024	$20.08	-3.48%*

* 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 Major appliances:

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	99.592	97.977	97.208	96.915	96.323	93.562	90.462	93.531	96.277	99.928	101.385	101.909	97.541	96.154	101.447	99.151	93.075	87.984	83.195	79.291	82.621	84.310	88.223	97.721	103.137	94.091	90.821

Adjust major appliances prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2004 * 2004 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Major appliances was 90.462 in the year 2004 and 90.821 in 2024:

90.821 / 90.462 * $20 = $20.08

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $20.08 in 2024 (in the CPI category of Major appliances).

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