Tools, hardware and supplies priced at $20 in 2015 $24.15 in 2024

Tools, Hardware And Supplies Inflation Calculator

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Prices for Tools, Hardware And Supplies, 2015-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies are 20.73% higher in 2024 versus 2015 (a $4.15 difference in value).

Between 2015 and 2024: Tools, hardware and supplies experienced an average inflation rate of 2.12% per year. This rate of change indicates significant inflation. In other words, tools, hardware and supplies costing $20 in the year 2015 would cost $24.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.15% during this same period, inflation for tools, hardware and supplies was lower.

In the year 2015: Pricing changed by -0.14%, which is below the average yearly change for tools, hardware and supplies during the 2015-2024 time period. Compared to inflation for all items in 2015 (0.12%), 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%).

View price changes for other categories
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Buying power of $20.00 since 2015

Below are calculations of equivalent buying power for Tools, hardware and supplies, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2015$20.00-0.14%
2016$19.65-1.76%
2017$19.56-0.46%
2018$19.690.68%
2019$19.931.21%
2020$20.060.64%
2021$20.864.03%
2022$23.1110.74%
2023$24.596.42%
2024$24.15-1.80%*

* 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 2015 * 2015 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware and supplies was 100.072 in the year 2015 and 120.815 in 2024:

120.815 / 100.072 * $20 = $24.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2015 has the same "purchasing power" as $24.15 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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