Repair of household items priced at $20 in 2020→$28.40 in 2024

Repair Of Household Items Inflation Calculator

$

Prices for Repair Of Household Items, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for repair of household items are 42% higher in 2024 versus 2020 (a $8.40 difference in value).

Between 2020 and 2024, Repair of household items experienced an average inflation rate of 9.16% per year. This rate of change indicates significant inflation. In other words, repair of household items costing $20 in the year 2020 would cost $28.40 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.93% during this same period, inflation for repair of household items was significantly higher.

In the year 2020: Pricing changed by 0.14%, which is significantly below the average yearly change for repair of household items during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for repair of household items was lower.

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 (12.62%), 2022 (10.60%), and 2024 (9.54%).

The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.

View price changes for other categories
Gasoline (all types) · Medical care · Seattle, Washington · Dallas-Fort Worth, Texas · More

Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Repair of household items, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2020$20.000.14%
2021$20.814.07%
2022$23.0210.60%
2023$25.9312.62%
2024$28.409.54%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.817107.175111.642119.425125.142131.033139.392147.375154.733161.178170.031176.049181.659183.787198.722206.656212.405220.107226.271239.330253.661269.453269.826280.808310.581349.787383.155

Adjust repair of household items prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020* 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Repair of household items was 269.826 in the year 2020 and 383.155 in 2024:

383.155 / 269.826* $20 = $28.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $28.40 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.