According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies were 1.99% higher in 2020 versus 2017 (a $0.40 difference in value).
Between 2017 and 2020: Tools, hardware and supplies experienced an average inflation rate of 0.66% per year. In other words, tools, hardware and supplies costing $20 in the year 2017 would cost $20.40 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.73% during this same period, inflation for tools, hardware and supplies was lower.
In the year 2017: Pricing changed by -0.46%, which is below the average yearly change for tools, hardware and supplies during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|