Tools, hardware and supplies priced at $20 in 2013 $24 in 2024

Tools, Hardware And Supplies Inflation Calculator

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Prices for Tools, Hardware And Supplies, 2013-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies are 20% higher in 2024 versus 2013 (a $4 difference in value).

Between 2013 and 2024: Tools, hardware and supplies experienced an average inflation rate of 1.67% per year. In other words, tools, hardware and supplies costing $20 in the year 2013 would cost $24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation for tools, hardware and supplies was lower.

In the year 2013: Pricing changed by 1.08%, which is below the average yearly change for tools, hardware and supplies during the 2013-2024 time period. Compared to inflation for all items in 2013 (1.46%), inflation for tools, hardware and supplies was lower.

Price Inflation for Tools, hardware and supplies since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (10.74%), 2023 (6.42%), and 2021 (4.03%).

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Buying power of $20.00 since 2013

Below are calculations of equivalent buying power for Tools, hardware and supplies, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2013$20.001.08%
2014$19.91-0.47%
2015$19.88-0.14%
2016$19.53-1.76%
2017$19.44-0.46%
2018$19.570.68%
2019$19.811.21%
2020$19.930.64%
2021$20.744.03%
2022$22.9710.74%
2023$24.446.42%
2024$24.00-1.80%*

* 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 and supplies:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00098.53896.68597.30896.73195.52393.28594.77798.08599.43899.71198.95399.24496.52798.08799.609100.681100.211100.07298.31597.86198.52299.710100.351104.400115.617123.034120.815

Adjust tools, hardware and supplies prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2013 * 2013 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware and supplies was 100.681 in the year 2013 and 120.815 in 2024:

120.815 / 100.681 * $20 = $24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2013 has the same "purchasing power" as $24 in 2024 (in the CPI category of Tools, hardware and supplies).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tools, hardware and supplies in 1997. In addition to tools, hardware 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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