According to the U.S. Bureau of Labor Statistics, prices for audio equipment are 4.83% lower in 2022 versus 2020 (a $0.97 difference in value).
Between 2020 and 2022: Audio equipment experienced an average inflation rate of -2.45% per year. This rate of change indicates significant deflation. In other words, audio equipment costing $20 in the year 2020 would cost $19.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.76% during this same period, inflation for audio equipment was significantly lower.
In the year 2020: Pricing changed by -1.64%, which is above the average yearly change for audio equipment during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for audio equipment was lower.
Below are calculations of equivalent buying power for Audio equipment, over time, for $20 beginning in 2020. 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: