According to the U.S. Bureau of Labor Statistics, prices for audio equipment are 29.14% lower in 2022 versus 2015 (a $5.83 difference in value).
Between 2015 and 2022: Audio equipment experienced an average inflation rate of -4.80% per year. This rate of change indicates significant deflation. In other words, audio equipment costing $20 in the year 2015 would cost $14.17 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for audio equipment was significantly lower.
In the year 2015: Pricing changed by -5.29%, which is below the average yearly change for audio equipment during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for audio equipment was much lower.
Below are calculations of equivalent buying power for Audio equipment, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Audio equipment: