Tools, hardware and supplies priced at $20 in 2000 $20.24 in 2018

Historical Price Inflation for Tools, hardware and supplies

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

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies were 1.20% higher in 2018 versus 2000 (a $0.24 difference in value).

Between 2000 and 2018: Tools, hardware and supplies experienced an average inflation rate of 0.07% per year. In other words, tools, hardware and supplies costing $20 in the year 2000 would cost $20.24 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for tools, hardware and supplies was lower.

In the year 2000: Pricing changed by 0.64%, which is above the average yearly change for tools, hardware and supplies during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for tools, hardware and supplies was lower.

Price Inflation for Tools, hardware and supplies since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2005 (3.49%), 2010 (-2.74%), and 2003 (-2.34%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tools, hardware 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 98.538 96.685 97.308 96.731 95.523 93.285 94.777 98.085 99.438 99.711 98.953 99.244 96.527 98.087 99.609 100.681 100.211 100.072 98.315 97.861 98.480

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Tools, hardware 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 0.64%
2001 $19.88 -0.59%
2002 $19.63 -1.25%
2003 $19.17 -2.34%
2004 $19.48 1.60%
2005 $20.16 3.49%
2006 $20.44 1.38%
2007 $20.49 0.27%
2008 $20.34 -0.76%
2009 $20.40 0.29%
2010 $19.84 -2.74%
2011 $20.16 1.62%
2012 $20.47 1.55%
2013 $20.69 1.08%
2014 $20.60 -0.47%
2015 $20.57 -0.14%
2016 $20.21 -1.76%
2017 $20.11 -0.46%
2018 $20.24 0.63%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tools, hardware 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 and supplies was 97.308 in the year 2000 and 98.480 in 2018:

98.480 / 97.308 * $20 = $20.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $20.24 in 2018 (in the CPI category of Tools, hardware and supplies).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tools, hardware and supplies in 1997. In addition to tools, hardware 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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