Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Another big drop in consumer durables prices

May 26, 2004

Durable commodities prices paid by consumers decreased 4.3 percent in 2003, the largest calendar-year decrease since 1938. This followed a decline of 3.3 percent in 2002.

Annual change in the Consumer Price Index for durables and nondurables, 1997-2003
[Chart data—TXT]

Durables include items such as vehicles, furniture and bedding, and computers. New vehicle prices decreased 1.8 percent last year.

Furniture and bedding prices were down 1.6 percent in 2003. Prices for personal computers and peripheral equipment dropped by 17.8 percent.

The nondurables index rose 2.4 percent last year, following a 3.1-percent increase in 2002. The aggregate commodities index was up 0.5 percent in 2003, after rising 1.2 percent in the previous year.

These data are from the BLS Consumer Price Index program. Annual percent changes are December-to-December changes. For additional information on consumer price changes in 2003, see "Consumer prices during 2003," by Todd Wilson, Monthly Labor Review, April 2004.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Another big drop in consumer durables prices on the Internet at https://www.bls.gov/opub/ted/2004/may/wk4/art03.htm (visited January 19, 2020).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics