Major appliances priced at $20 in 1997 $21.19 in 2022

Major Appliances Inflation Calculator

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Prices for Major Appliances, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for major appliances are 5.96% higher in 2022 versus 1997 (a $1.19 difference in value).

Between 1997 and 2022: Major appliances experienced an average inflation rate of 0.23% per year. In other words, major appliances costing $20 in the year 1997 would cost $21.19 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.33% during this same period, inflation for major appliances was lower.

Price Inflation for Major appliances since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (10.77%), 2022 (8.43%), and 2014 (-6.13%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Major appliances, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $19.92 -0.41%
1999 $19.60 -1.62%
2000 $19.44 -0.79%
2001 $19.38 -0.30%
2002 $19.26 -0.61%
2003 $18.71 -2.87%
2004 $18.09 -3.31%
2005 $18.71 3.39%
2006 $19.26 2.94%
2007 $19.99 3.79%
2008 $20.28 1.46%
2009 $20.38 0.52%
2010 $19.51 -4.29%
2011 $19.23 -1.42%
2012 $20.29 5.50%
2013 $19.83 -2.26%
2014 $18.61 -6.13%
2015 $17.60 -5.47%
2016 $16.64 -5.44%
2017 $15.86 -4.69%
2018 $16.52 4.20%
2019 $16.86 2.04%
2020 $17.64 4.64%
2021 $19.54 10.77%
2022 $21.19 8.43%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Major appliances:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
CPI 100.000 99.592 97.977 97.208 96.915 96.323 93.562 90.462 93.531 96.277 99.928 101.385 101.909 97.541 96.154 101.447 99.151 93.075 87.984 83.195 79.291 82.621 84.310 88.223 97.721 105.960

Adjust major appliances prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Major appliances was 100.000 in the year 1997 and 105.960 in 2022:

105.960 / 100.000 * $20 = $21.19

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $21.19 in 2022 (in the CPI category of Major appliances).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Major appliances in 1997. In addition to major appliances, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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