According to the U.S. Bureau of Labor Statistics, prices for outdoor equipment and supplies are 3.55% lower in 2024 versus 2023 (a $0.71 difference in value).
Between 2023 and 2024: Outdoor equipment and supplies experienced an average inflation rate of -3.55% per year. This rate of change indicates significant deflation. In other words, outdoor equipment and supplies costing $20 in the year 2023 would cost $19.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for outdoor equipment and supplies was significantly lower.
In the year 2023: Pricing changed by 8.45%, which is significantly above the average yearly change for outdoor equipment and supplies during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for outdoor equipment and supplies was much higher.
Below are calculations of equivalent buying power for Outdoor equipment and supplies, 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 | 8.45% |
| 2024 | $19.29 | -3.55%* |
* 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 Outdoor equipment and supplies:
| 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 | 101.254 | 100.115 | 96.754 | 96.508 | 95.723 | 94.238 | 92.623 | 92.400 | 92.138 | 91.990 | 90.660 | 91.395 | 88.894 | 88.337 | 88.248 | 87.885 | 87.023 | 86.802 | 86.214 | 85.650 | 85.269 | 86.732 | 88.956 | 91.788 | 101.916 | 110.530 | 106.607 |