According to the U.S. Bureau of Labor Statistics, prices for recreation were 34.73% higher in 2020 versus 1993 (a $326,430.71 difference in value).
Between 1993 and 2020: Recreation experienced an average inflation rate of 1.11% per year. In other words, recreation costing $940,000 in the year 1993 would cost $1,266,430.71 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 $940000 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 | $940,000.00 | - |
1994 | $960,374.72 | 2.17% |
1995 | $979,368.11 | 1.98% |
1996 | $1,009,412.20 | 3.07% |
1997 | $1,032,204.26 | 2.26% |
1998 | $1,047,053.64 | 1.44% |
1999 | $1,056,723.00 | 0.92% |
2000 | $1,070,536.37 | 1.31% |
2001 | $1,086,767.08 | 1.52% |
2002 | $1,100,235.12 | 1.24% |
2003 | $1,114,048.49 | 1.26% |
2004 | $1,125,099.19 | 0.99% |
2005 | $1,133,041.88 | 0.71% |
2006 | $1,149,272.59 | 1.43% |
2007 | $1,154,556.21 | 0.46% |
2008 | $1,173,314.77 | 1.62% |
2009 | $1,183,864.73 | 0.90% |
2010 | $1,173,929.46 | -0.84% |
2011 | $1,174,385.30 | 0.04% |
2012 | $1,188,326.45 | 1.19% |
2013 | $1,194,162.60 | 0.49% |
2014 | $1,197,032.33 | 0.24% |
2015 | $1,201,155.62 | 0.34% |
2016 | $1,211,961.13 | 0.90% |
2017 | $1,227,704.92 | 1.30% |
2018 | $1,233,786.26 | 0.50% |
2019 | $1,249,578.40 | 1.28% |
2020 | $1,266,430.71 | 1.35%* |