Watches priced at $20 in 2016 $24.25 in 2023

Watches Inflation Calculator


Prices for Watches, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for watches are 21.23% higher in 2023 versus 2016 (a $4.25 difference in value).

Between 2016 and 2023: Watches experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, watches costing $20 in the year 2016 would cost $24.25 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.24% during this same period, inflation for watches was lower.

In the year 2016: Pricing changed by 5.16%, which is above the average yearly change for watches during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for watches was much higher.

Price Inflation for Watches since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2016 (5.16%), 1994 (4.82%), and 2017 (4.75%).

View price changes for other categories
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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Watches, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 Watches:


Adjust watches prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Watches was 129.550 in the year 2016 and 157.058 in 2023:

157.058 / 129.550 * $20 = $24.25

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.25 in 2023 (in the CPI category of Watches).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Watches in 1986. In addition to watches, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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