According to the U.S. Bureau of Labor Statistics, prices for audio equipment were 24.22% lower in 2021 versus 2016 (a $4.84 difference in value).
Between 2016 and 2021: Audio equipment experienced an average inflation rate of -5.40% per year. This rate of change indicates significant deflation. In other words, audio equipment costing $20 in the year 2016 would cost $15.16 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.74% during this same period, inflation for audio equipment was significantly lower.
In the year 2016: Pricing changed by -4.94%, which is above the average yearly change for audio equipment during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for audio equipment was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Audio equipment:
Below are calculations of equivalent buying power for Audio equipment, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|