According to the U.S. Bureau of Labor Statistics, prices for repair of household items were 6.57% higher in 2020 versus 2018 (a $1.31 difference in value).
Between 2018 and 2020: Repair of household items experienced an average inflation rate of 3.23% per year. This rate of change indicates significant inflation. In other words, repair of household items costing $20 in the year 2018 would cost $21.31 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for repair of household items was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Repair of household items:
Below are calculations of equivalent buying power for Repair of household items, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|