Tools, hardware, outdoor equipment and supplies priced at $20 in 2021 $21.57 in 2022

Tools, Hardware, Outdoor Equipment And Supplies Inflation Calculator

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Prices for Tools, Hardware, Outdoor Equipment And Supplies, 2021-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies are 7.84% higher in 2022 versus 2021 (a $1.57 difference in value).

Between 2021 and 2022: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of 7.84% per year. This rate of change indicates significant inflation. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 2021 would cost $21.57 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.31% during this same period, inflation for tools, hardware, outdoor equipment and supplies was higher.

In the year 2021: Pricing changed by 3.47%, which is significantly below the average yearly change for tools, hardware, outdoor equipment and supplies during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), 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 (7.84%), 2021 (3.47%), and 2010 (-2.71%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Tools, hardware, outdoor equipment and supplies, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2021 $20.00 3.47%
2022 $21.57 7.84%*
* Not final. See inflation summary for latest details.

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

Year 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
CPI 100.000 100.338 99.038 97.008 96.662 95.738 94.008 93.485 94.362 94.585 94.569 93.454 94.170 91.618 91.628 91.982 92.034 91.276 91.081 90.130 89.576 89.531 90.899 92.569 95.782 103.288

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

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021 * 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware, outdoor equipment and supplies was 95.782 in the year 2021 and 103.288 in 2022:

103.288 / 95.782 * $20 = $21.57

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $21.57 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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