Repair of household items priced at $20 in 2018 $21.31 in 2020

Repair Of Household Items Inflation Calculator


Prices for Repair Of Household Items, 2018-2020 ($20)

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 1.46% during this same period, inflation for repair of household items was higher.

Price Inflation for Repair of household items since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (5.95%), and 2020 (0.59%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Repair of household items:

Year 2018 2019 2020
CPI 253.661 268.746 270.333

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Buying power of $20 since 2018

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
2018 $20.00 -
2019 $21.19 5.95%
2020 $21.31 0.59%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for repair of household items, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Repair of household items was 253.661 in the year 2018 and 270.333 in 2020:

270.333 / 253.661 * $20 = $21.31

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $21.31 in 2020 (in the CPI category of Repair of household items).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Repair of household items in 2018. In addition to repair of household items, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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