I used an inflation calculator to find the inflation rate from 2020. It said that if you bought something in 2020 for $1,200 it would cost $1,453.79 in 2024, which is a 21.1% increase. So if you multiply $1,200 by 78.9% you get $946.80. Then I just rounded to $950. There are many inflation calculators out there. Some give slightly different numbers. Here's the one I used.

US Inflation Calculator | Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2023. Get inflation rates and U.S. inflation news.

Inflation Calculator | Find US Dollar's Value From 1913-2025

Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2025. Get inflation rates and U.S. inflation news.