According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies were 0.10% higher in 2020 versus 2014 (a $0.02 difference in value).
Between 2014 and 2020: Tools, hardware and supplies experienced an average inflation rate of 0.02% per year. In other words, tools, hardware and supplies costing $20 in the year 2014 would cost $20.02 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for tools, hardware and supplies was lower.
In the year 2014: Pricing changed by -0.47%, which is below the average yearly change for tools, hardware and supplies during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for tools, hardware and supplies was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tools, hardware and supplies:
Below are calculations of equivalent buying power for Tools, hardware and supplies, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|