Tools, hardware, outdoor equipment and supplies priced at $20 in 2018 $20.28 in 2019

Tools, Hardware, Outdoor Equipment And Supplies Inflation Calculator

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Prices for Tools, Hardware, Outdoor Equipment And Supplies, 2018-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies were 1.41% higher in 2019 versus 2018 (a $0.28 difference in value).

Between 2018 and 2019: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of 1.41% per year. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 2018 would cost $20.28 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.70% during this same period, inflation for tools, hardware, outdoor equipment and supplies was lower.

Price Inflation for Tools, hardware, outdoor equipment and supplies since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: and 2019 (1.41%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tools, hardware, outdoor equipment and supplies:

Year 2018 2019
CPI 89.531 90.790

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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Tools, hardware, outdoor equipment and supplies, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $20.00 -
2019 $20.28 1.41%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tools, hardware, outdoor equipment and supplies, 2018-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2018 * 2018 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware, outdoor equipment and supplies was 89.531 in the year 2018 and 90.790 in 2019:

90.790 / 89.531 * $20 = $20.28

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.28 in 2019 (in the CPI category of Tools, hardware, outdoor equipment and supplies).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tools, hardware, outdoor equipment and supplies in 2018. In addition to tools, hardware, outdoor equipment and supplies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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