According to the U.S. Bureau of Labor Statistics, prices for appliances are 2.99% lower in 2024 versus 2023 (a $0.60 difference in value).
Between 2023 and 2024: Appliances experienced an average inflation rate of -2.99% per year. This rate of change indicates significant deflation. In other words, appliances costing $20 in the year 2023 would cost $19.40 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for appliances was significantly lower.
In the year 2023: Pricing changed by -0.74%, which is above the average yearly change for appliances during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for appliances was much lower.
Below are calculations of equivalent buying power for Appliances, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | -0.74% |
| 2024 | $19.40 | -2.99%* |
* 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 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 | 2023 | 2024 |
| CPI | 100.000 | 100.200 | 97.731 | 96.285 | 94.700 | 92.700 | 89.454 | 85.915 | 86.869 | 88.069 | 89.769 | 89.896 | 91.063 | 86.934 | 85.878 | 88.083 | 86.342 | 82.509 | 79.272 | 76.586 | 74.670 | 75.759 | 77.482 | 79.592 | 84.478 | 88.538 | 87.879 | 85.252 |