According to the U.S. Bureau of Labor Statistics, prices for outdoor equipment and supplies are 17.62% higher in 2022 versus 2018 (a $3.52 difference in value).
Between 2018 and 2022: Outdoor equipment and supplies experienced an average inflation rate of 4.14% per year. This rate of change indicates significant inflation. In other words, outdoor equipment and supplies costing $20 in the year 2018 would cost $23.52 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for outdoor equipment and supplies was higher.
In the year 2018: Pricing changed by -0.44%, which is significantly below the average yearly change for outdoor equipment and supplies during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. 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: