According to the U.S. Bureau of Labor Statistics, prices for recreation were 35.12% higher in 2021 versus 1993 (a $344,194.77 difference in value).
Between 1993 and 2021: Recreation experienced an average inflation rate of 1.08% per year. In other words, recreation costing $980,000 in the year 1993 would cost $1,324,194.77 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.17% 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 | 2021 |
CPI | 90.842 | 92.808 | 94.658 | 97.567 | 99.767 | 101.050 | 101.933 | 103.292 | 104.900 | 106.225 | 107.500 | 108.633 | 109.358 | 110.917 | 111.442 | 113.254 | 114.274 | 113.317 | 113.361 | 114.706 | 115.269 | 115.545 | 115.944 | 116.982 | 118.499 | 119.086 | 120.611 | 122.241 | 122.747 |
Below are calculations of equivalent buying power for Recreation, over time, for $980000 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 | $980,000.00 | - |
1994 | $1,001,216.40 | 2.16% |
1995 | $1,021,174.20 | 1.99% |
1996 | $1,052,549.31 | 3.07% |
1997 | $1,076,282.91 | 2.25% |
1998 | $1,090,127.51 | 1.29% |
1999 | $1,099,656.91 | 0.87% |
2000 | $1,114,310.61 | 1.33% |
2001 | $1,131,661.32 | 1.56% |
2002 | $1,145,955.42 | 1.26% |
2003 | $1,159,710.12 | 1.20% |
2004 | $1,171,936.52 | 1.05% |
2005 | $1,179,757.82 | 0.67% |
2006 | $1,196,569.12 | 1.42% |
2007 | $1,202,240.01 | 0.47% |
2008 | $1,221,781.58 | 1.63% |
2009 | $1,232,785.34 | 0.90% |
2010 | $1,222,463.92 | -0.84% |
2011 | $1,222,936.79 | 0.04% |
2012 | $1,237,453.85 | 1.19% |
2013 | $1,243,527.49 | 0.49% |
2014 | $1,246,498.69 | 0.24% |
2015 | $1,250,802.20 | 0.35% |
2016 | $1,261,997.45 | 0.90% |
2017 | $1,278,370.04 | 1.30% |
2018 | $1,284,699.90 | 0.50% |
2019 | $1,301,156.10 | 1.28% |
2020 | $1,318,735.14 | 1.35% |
2021 | $1,324,194.77 | 0.41%* |