Tools, hardware, outdoor equipment and supplies priced at $20 in 1998 $21.17 in 2022

Tools, Hardware, Outdoor Equipment And Supplies Inflation Calculator

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Prices for Tools, Hardware, Outdoor Equipment And Supplies, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies are 5.83% higher in 2022 versus 1998 (a $1.17 difference in value).

Between 1998 and 2022: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of 0.24% per year. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 1998 would cost $21.17 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for tools, hardware, outdoor equipment and supplies was lower.

In the year 1998: Pricing changed by 0.34%, which is above the average yearly change for tools, hardware, outdoor equipment and supplies during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for tools, hardware, outdoor equipment and supplies was lower.

Price Inflation for Tools, hardware, outdoor equipment and supplies since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (10.86%), 2021 (3.47%), and 2010 (-2.71%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Tools, hardware, outdoor equipment and supplies, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.000.34%
1999$19.74-1.30%
2000$19.34-2.05%
2001$19.27-0.36%
2002$19.08-0.95%
2003$18.74-1.81%
2004$18.63-0.56%
2005$18.810.94%
2006$18.850.24%
2007$18.85-0.02%
2008$18.63-1.18%
2009$18.770.77%
2010$18.26-2.71%
2011$18.260.01%
2012$18.330.39%
2013$18.340.06%
2014$18.19-0.82%
2015$18.15-0.21%
2016$17.97-1.04%
2017$17.85-0.62%
2018$17.85-0.05%
2019$18.121.53%
2020$18.451.84%
2021$19.093.47%
2022$21.1710.86%*

* 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 Tools, hardware, outdoor equipment and supplies:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000100.33899.03897.00896.66295.73894.00893.48594.36294.58594.56993.45494.17091.61891.62891.98292.03491.27691.08190.13089.57689.53190.89992.56995.782106.188

Adjust tools, hardware, outdoor equipment and supplies prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware, outdoor equipment and supplies was 100.338 in the year 1998 and 106.188 in 2022:

106.188 / 100.338 * $20 = $21.17

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $21.17 in 2022 (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 1997. 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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