Tools, hardware, outdoor equipment and supplies priced at $20 in 2019 $20.21 in 2020

Tools, Hardware, Outdoor Equipment And Supplies Inflation Calculator

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Prices for Tools, Hardware, Outdoor Equipment And Supplies, 2019-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies were 1.07% higher in 2020 versus 2019 (a $0.21 difference in value).

Between 2019 and 2020: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of 1.07% per year. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 2019 would cost $20.21 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.74% during this same period, inflation for tools, hardware, outdoor equipment and supplies was higher.

In the year 2019: Pricing changed by 1.53%, which is above the average yearly change for tools, hardware, outdoor equipment and supplies during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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: 2019 (1.53%), and 2020 (1.07%).

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

Year 2018 2019 2020
CPI 89.531 90.899 91.876

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Buying power of $20 since 2019

Below are calculations of equivalent buying power for Tools, hardware, outdoor equipment and supplies, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2019 $20.00 1.53%
2020 $20.21 1.07%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tools, hardware, outdoor equipment and supplies, 2019-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2019 * 2019 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware, outdoor equipment and supplies was 90.899 in the year 2019 and 91.876 in 2020:

91.876 / 90.899 * $20 = $20.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $20.21 in 2020 (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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