Tools, hardware, outdoor equipment and supplies priced at $20 in 1997 $22.26 in 2024

Tools, Hardware, Outdoor Equipment And Supplies Inflation Calculator

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Prices for Tools, Hardware, Outdoor Equipment And Supplies, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies are 11.31% higher in 2024 versus 1997 (a $2.26 difference in value).

Between 1997 and 2024: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of 0.40% per year. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 1997 would cost $22.26 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for tools, hardware, outdoor equipment and supplies was 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: 2022 (10.86%), 2023 (7.42%), and 2021 (3.47%).

View price changes for other categories
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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Tools, hardware, outdoor equipment and supplies, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.070.34%
1999$19.81-1.30%
2000$19.40-2.05%
2001$19.33-0.36%
2002$19.15-0.95%
2003$18.80-1.81%
2004$18.70-0.56%
2005$18.870.94%
2006$18.920.24%
2007$18.91-0.02%
2008$18.69-1.18%
2009$18.830.77%
2010$18.32-2.71%
2011$18.330.01%
2012$18.400.39%
2013$18.410.06%
2014$18.26-0.82%
2015$18.22-0.21%
2016$18.03-1.04%
2017$17.92-0.62%
2018$17.91-0.05%
2019$18.181.53%
2020$18.511.84%
2021$19.163.47%
2022$21.2410.86%
2023$22.817.42%
2024$22.26-2.42%*

* 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 Tools, hardware, outdoor equipment and supplies:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.33899.03897.00896.66295.73894.00893.48594.36294.58594.56993.45494.17091.61891.62891.98292.03491.27691.08190.13089.57689.53190.89992.56995.782106.188114.072111.306

Adjust tools, hardware, outdoor equipment and supplies prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Tools, hardware, outdoor equipment and supplies was 100.000 in the year 1997 and 111.306 in 2024:

111.306 / 100.000 * $20 = $22.26

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $22.26 in 2024 (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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