According to the U.S. Bureau of Labor Statistics, prices for outdoor equipment and supplies are 16.31% higher in 2022 versus 2017 (a $3.26 difference in value).
Between 2017 and 2022: Outdoor equipment and supplies experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, outdoor equipment and supplies costing $20 in the year 2017 would cost $23.26 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.09% during this same period, inflation for outdoor equipment and supplies was lower.
In the year 2017: Pricing changed by -0.65%, which is significantly below the average yearly change for outdoor equipment and supplies during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for outdoor equipment and supplies was lower.
Below are calculations of equivalent buying power for Outdoor equipment and supplies, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Outdoor equipment and supplies: