According to the U.S. Bureau of Labor Statistics, prices for recreation were 34.73% higher in 2020 versus 1993 (a $173,633.36 difference in value).
Between 1993 and 2020: Recreation experienced an average inflation rate of 1.11% per year. In other words, recreation costing $500,000 in the year 1993 would cost $673,633.36 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.18% during this same period, inflation for recreation was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Recreation:
Year | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
CPI | 90.733 | 92.700 | 94.533 | 97.433 | 99.633 | 101.067 | 102.000 | 103.333 | 104.900 | 106.200 | 107.533 | 108.600 | 109.367 | 110.933 | 111.443 | 113.254 | 114.272 | 113.313 | 113.357 | 114.703 | 115.266 | 115.543 | 115.941 | 116.984 | 118.504 | 119.091 | 120.615 | 122.242 |
Below are calculations of equivalent buying power for Recreation, over time, for $500000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1993 | $500,000.00 | - |
1994 | $510,837.62 | 2.17% |
1995 | $520,940.48 | 1.98% |
1996 | $536,921.38 | 3.07% |
1997 | $549,044.82 | 2.26% |
1998 | $556,943.42 | 1.44% |
1999 | $562,086.70 | 0.92% |
2000 | $569,434.24 | 1.31% |
2001 | $578,067.60 | 1.52% |
2002 | $585,231.45 | 1.24% |
2003 | $592,578.99 | 1.26% |
2004 | $598,457.02 | 0.99% |
2005 | $602,681.85 | 0.71% |
2006 | $611,315.21 | 1.43% |
2007 | $614,125.64 | 0.46% |
2008 | $624,103.60 | 1.62% |
2009 | $629,715.28 | 0.90% |
2010 | $624,430.57 | -0.84% |
2011 | $624,673.03 | 0.04% |
2012 | $632,088.54 | 1.19% |
2013 | $635,192.87 | 0.49% |
2014 | $636,719.32 | 0.24% |
2015 | $638,912.56 | 0.34% |
2016 | $644,660.18 | 0.90% |
2017 | $653,034.53 | 1.30% |
2018 | $656,269.29 | 0.50% |
2019 | $664,669.36 | 1.28% |
2020 | $673,633.36 | 1.35%* |