Repair of household items price inflation, 2016→2024

Repair Of Household Items Inflation Calculator

Prices for Repair Of Household Items, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for repair of household items are 70.06% higher in 2024 versus 2016 (a $14.01 difference in value).

Between 2016 and 2024: Repair of household items experienced an average inflation rate of 6.86% per year. This rate of change indicates significant inflation. In other words, repair of household items costing $20 in the year 2016 would cost $34.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for repair of household items was significantly higher.

In the year 2016: Pricing changed by 2.80%, which is significantly below the average yearly change for repair of household items during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for repair of household items was higher.

Price Inflation for Repair of household items since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2023 (12.70%), 2022 (11.98%), and 2024 (9.93%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Repair of household items, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	2.80%
2017	$21.15	5.77%
2018	$22.42	5.99%
2019	$23.70	5.70%
2020	$23.85	0.65%
2021	$24.52	2.79%
2022	$27.45	11.98%
2023	$30.94	12.70%
2024	$34.01	9.93%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

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

Year	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	2022	2023	2024
CPI	100.000	101.815	107.177	111.638	119.423	125.138	131.031	139.392	147.377	154.731	161.178	170.031	176.049	181.662	186.677	198.722	206.656	212.405	220.107	226.271	239.330	253.661	268.110	269.843	277.360	310.581	350.013	384.785

Adjust repair of household items prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Repair of household items was 226.271 in the year 2016 and 384.785 in 2024:

384.785 / 226.271 * $20 = $34.01

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $34.01 in 2024 (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 1997. 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.