Tools, hardware and supplies priced at $20 in 1997 $22.63 in 2022

Tools, Hardware And Supplies Inflation Calculator

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Prices for Tools, Hardware And Supplies, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tools, hardware and supplies are 13.14% higher in 2022 versus 1997 (a $2.63 difference in value).

Between 1997 and 2022: Tools, hardware and supplies experienced an average inflation rate of 0.49% per year. In other words, tools, hardware and supplies costing $20 in the year 1997 would cost $22.63 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, 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: 2022 (8.37%), 2021 (4.03%), and 2005 (3.49%).

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 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$19.71-1.46%
1999$19.34-1.88%
2000$19.460.64%
2001$19.35-0.59%
2002$19.10-1.25%
2003$18.66-2.34%
2004$18.961.60%
2005$19.623.49%
2006$19.891.38%
2007$19.940.27%
2008$19.79-0.76%
2009$19.850.29%
2010$19.31-2.74%
2011$19.621.62%
2012$19.921.55%
2013$20.141.08%
2014$20.04-0.47%
2015$20.01-0.14%
2016$19.66-1.76%
2017$19.57-0.46%
2018$19.700.68%
2019$19.941.21%
2020$20.070.64%
2021$20.884.03%
2022$22.638.37%*

* 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 and supplies:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.00098.53896.68597.30896.73195.52393.28594.77798.08599.43899.71198.95399.24496.52798.08799.609100.681100.211100.07298.31597.86198.52299.710100.351104.400113.139

Adjust tools, hardware and supplies 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 Tools, hardware and supplies was 100.000 in the year 1997 and 113.139 in 2022:

113.139 / 100.000 * $20 = $22.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $22.63 in 2022 (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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