According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies were 1.58% higher in 2020 versus 2018 (a $0.32 difference in value).
Between 2018 and 2020: Tools, hardware and supplies experienced an average inflation rate of 0.79% per year. In other words, tools, hardware and supplies costing $20 in the year 2018 would cost $20.32 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.42% during this same period, inflation for tools, hardware and supplies was lower.
In the year 2018: Pricing changed by 0.68%, which is below the average yearly change for tools, hardware and supplies during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|