According to the U.S. Bureau of Labor Statistics, prices for tools, hardware, outdoor equipment and supplies are 10.75% higher in 2024 versus 1997 (a $2.15 difference in value).
Between 1997 and 2024: Tools, hardware, outdoor equipment and supplies experienced an average inflation rate of 0.38% per year. In other words, tools, hardware, outdoor equipment and supplies costing $20 in the year 1997 would cost $22.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for tools, hardware, outdoor equipment and supplies was lower.
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:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $20.07 | 0.34% |
| 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 | $18.87 | 0.94% |
| 2006 | $18.92 | 0.24% |
| 2007 | $18.91 | -0.02% |
| 2008 | $18.69 | -1.18% |
| 2009 | $18.83 | 0.77% |
| 2010 | $18.32 | -2.71% |
| 2011 | $18.33 | 0.01% |
| 2012 | $18.40 | 0.39% |
| 2013 | $18.41 | 0.06% |
| 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 | $18.18 | 1.53% |
| 2020 | $18.51 | 1.84% |
| 2021 | $19.16 | 3.47% |
| 2022 | $21.24 | 10.86% |
| 2023 | $22.81 | 7.42% |
| 2024 | $22.15 | -2.91%* |
* 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:
| 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 | 100.338 | 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 | 89.531 | 90.899 | 92.569 | 95.782 | 106.188 | 114.072 | 110.751 |