According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies were 2.88% higher in 2021 versus 2019 (a $0.58 difference in value).
Between 2019 and 2021: Tools, hardware and supplies experienced an average inflation rate of 1.43% per year. In other words, tools, hardware and supplies costing $20 in the year 2019 would cost $20.58 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.05% during this same period, inflation for tools, hardware and supplies was lower.
In the year 2019: Pricing changed by 1.21%, which is below the average yearly change for tools, hardware and supplies during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|