Tools, hardware, outdoor equipment and supplies priced at $20 in 2000 $18.46 in 2018

Historical Price Inflation for Tools, hardware, outdoor equipment and supplies

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Prices for Tools, Hardware, Outdoor Equipment And Supplies, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies were 7.72% lower in 2018 versus 2000 (a $1.54 difference in value).

Between 2000 and 2018: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of -0.45% per year. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 2000 would cost $18.46 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for tools, hardware, outdoor equipment and supplies was lower.

In the year 2000: Pricing changed by -2.05%, which is below the average yearly change for tools, hardware, outdoor equipment and supplies during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for tools, hardware, outdoor equipment and supplies was much lower.

Price Inflation for Tools, hardware, outdoor equipment and supplies since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2010 (-2.71%), 2000 (-2.05%), and 2003 (-1.81%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tools, hardware, outdoor equipment and supplies:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 100.338 99.038 97.008 96.662 95.738 94.008 93.485 94.362 94.585 94.569 93.454 94.170 91.618 91.628 91.982 92.034 91.276 91.081 90.130 89.576 89.523

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Tools, hardware, outdoor equipment and supplies, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 -2.05%
2001 $19.93 -0.36%
2002 $19.74 -0.95%
2003 $19.38 -1.81%
2004 $19.27 -0.56%
2005 $19.45 0.94%
2006 $19.50 0.24%
2007 $19.50 -0.02%
2008 $19.27 -1.18%
2009 $19.41 0.77%
2010 $18.89 -2.71%
2011 $18.89 0.01%
2012 $18.96 0.39%
2013 $18.97 0.06%
2014 $18.82 -0.82%
2015 $18.78 -0.21%
2016 $18.58 -1.04%
2017 $18.47 -0.62%
2018 $18.46 -0.06%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tools, hardware, outdoor equipment and supplies, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware, outdoor equipment and supplies was 97.008 in the year 2000 and 89.523 in 2018:

89.523 / 97.008 * $20 = $18.46

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $18.46 in 2018 (in the CPI category of Tools, hardware, outdoor equipment and supplies).


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

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