Sewing machines, fabric and supplies priced at $20 in 2014 $21.66 in 2024

Sewing Machines, Fabric And Supplies Inflation Calculator

$

Prices for Sewing Machines, Fabric And Supplies, 2014-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for sewing machines, fabric and supplies are 8.32% higher in 2024 versus 2014 (a $1.66 difference in value).

Between 2014 and 2024: Sewing machines, fabric and supplies experienced an average inflation rate of 0.80% per year. In other words, sewing machines, fabric and supplies costing $20 in the year 2014 would cost $21.66 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.85% during this same period, inflation for sewing machines, fabric and supplies was lower.

In the year 2014: Pricing changed by -0.12%, which is below the average yearly change for sewing machines, fabric and supplies during the 2014-2024 time period. Compared to inflation for all items in 2014 (1.62%), inflation for sewing machines, fabric and supplies was lower.

Price Inflation for Sewing machines, fabric and supplies since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (4.62%), 2022 (4.45%), and 2018 (4.12%).

View price changes for other categories
Hospital services · Legal services · St Louis, Missouri · Wireless telephone services · More

Buying power of $20.00 since 2014

Below are calculations of equivalent buying power for Sewing machines, fabric and supplies, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2014$20.00-0.12%
2015$19.57-2.15%
2016$18.99-2.96%
2017$18.79-1.03%
2018$19.574.12%
2019$20.474.62%
2020$19.84-3.10%
2021$19.71-0.62%
2022$20.594.45%
2023$21.393.89%
2024$21.661.27%*

* 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 Sewing machines, fabric and supplies:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00098.90896.63196.50896.42396.07794.00894.50092.78591.96288.47388.76091.27993.87596.50099.34799.62299.50597.36594.48293.50497.354101.85298.69698.087102.453106.435107.783

Adjust sewing machines, fabric and supplies prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2014 * 2014 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Sewing machines, fabric and supplies was 99.505 in the year 2014 and 107.783 in 2024:

107.783 / 99.505 * $20 = $21.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $21.66 in 2024 (in the CPI category of Sewing machines, fabric and supplies).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Sewing machines, fabric and supplies in 1997. In addition to sewing machines, fabric and supplies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.