According to the U.S. Bureau of Labor Statistics, prices for repair of household items are 23.89% higher in 2024 versus 2022 (a $4.78 difference in value).
Between 2022 and 2024: Repair of household items experienced an average inflation rate of 11.31% per year. This rate of change indicates significant inflation. In other words, repair of household items costing $20 in the year 2022 would cost $24.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for repair of household items was significantly higher.
In the year 2022: Pricing changed by 11.98%, which is above the average yearly change for repair of household items during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for repair of household items was much higher.
Below are calculations of equivalent buying power for Repair of household items, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 11.98% |
| 2023 | $22.54 | 12.70% |
| 2024 | $24.78 | 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 |