According to the U.S. Bureau of Labor Statistics, prices for recreation were 35.12% higher in 2021 versus 1993 (a $259,902.17 difference in value).
Between 1993 and 2021: Recreation experienced an average inflation rate of 1.08% per year. In other words, recreation costing $740,000 in the year 1993 would cost $999,902.17 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 $740000 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 | $740,000.00 | - |
1994 | $756,020.55 | 2.16% |
1995 | $771,090.73 | 1.99% |
1996 | $794,782.13 | 3.07% |
1997 | $812,703.42 | 2.25% |
1998 | $823,157.51 | 1.29% |
1999 | $830,353.18 | 0.87% |
2000 | $841,418.22 | 1.33% |
2001 | $854,519.77 | 1.56% |
2002 | $865,313.27 | 1.26% |
2003 | $875,699.48 | 1.20% |
2004 | $884,931.66 | 1.05% |
2005 | $890,837.54 | 0.67% |
2006 | $903,531.79 | 1.42% |
2007 | $907,813.89 | 0.47% |
2008 | $922,569.76 | 1.63% |
2009 | $930,878.73 | 0.90% |
2010 | $923,085.00 | -0.84% |
2011 | $923,442.07 | 0.04% |
2012 | $934,403.93 | 1.19% |
2013 | $938,990.15 | 0.49% |
2014 | $941,233.70 | 0.24% |
2015 | $944,483.30 | 0.35% |
2016 | $952,936.85 | 0.90% |
2017 | $965,299.83 | 1.30% |
2018 | $970,079.52 | 0.50% |
2019 | $982,505.62 | 1.28% |
2020 | $995,779.60 | 1.35% |
2021 | $999,902.17 | 0.41%* |