Sporting goods price inflation, 2023→2024

Sporting Goods Inflation Calculator

Prices for Sporting Goods, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for sporting goods are 1.42% lower in 2024 versus 2023 (a $0.28 difference in value).

Between 2023 and 2024: Sporting goods experienced an average inflation rate of -1.42% per year. In other words, sporting goods costing $20 in the year 2023 would cost $19.72 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for sporting goods was significantly lower.

In the year 2023: Pricing changed by -0.46%, which is above the average yearly change for sporting goods during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for sporting goods was much lower.

Price Inflation for Sporting goods since 1977

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

Years with the largest changes in pricing: 1980 (9.24%), 2021 (6.67%), and 1981 (6.58%).

View price changes for other categories
Rent of primary residence · Admission to sporting events · Minneapolis-St Paul, Minnesota · Food · More

Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Sporting goods, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	-0.46%
2024	$19.72	-1.42%*

* 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 Sporting goods:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	74.200	76.123	81.046	88.531	94.354	98.231	99.377	102.392	104.554	103.962	104.315	108.100	111.085	114.900	118.515	120.185	120.131	122.208	123.538	123.423	122.562	121.862	120.323	118.969	118.492	116.438	115.277	115.008	115.454	117.123	116.426	118.409	119.856	118.785	118.463	118.737	118.081	116.462	114.573	113.093	110.967	111.005	112.293	113.656	121.242	127.540	126.949	125.141

Adjust sporting goods prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Sporting goods was 126.949 in the year 2023 and 125.141 in 2024:

125.141 / 126.949 * $20 = $19.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.72 in 2024 (in the CPI category of Sporting goods).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Sporting goods in 1977. In addition to sporting goods, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.