Audio equipment price inflation, 2023→2024

Audio Equipment Inflation Calculator

Prices for Audio Equipment, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for audio equipment are 2.64% lower in 2024 versus 2023 (a $0.53 difference in value).

Between 2023 and 2024: Audio equipment experienced an average inflation rate of -2.64% per year. This rate of change indicates significant deflation. In other words, audio equipment costing $20 in the year 2023 would cost $19.47 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for audio equipment was significantly lower.

In the year 2023: Pricing changed by -0.02%, which is above the average yearly change for audio equipment during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for audio equipment was much lower.

Price Inflation for Audio equipment since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2018 (-13.87%), 2017 (-8.28%), and 2005 (-8.20%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Audio equipment, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	-0.02%
2024	$19.47	-2.64%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Audio equipment:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	89.700	92.377	95.554	97.685	100.846	101.992	100.300	97.708	94.408	91.738	93.038	92.654	92.800	93.154	94.615	94.369	93.877	93.785	92.054	90.723	88.938	85.177	81.708	80.162	77.177	73.362	69.500	65.969	60.562	57.338	54.130	51.568	48.919	47.342	45.140	42.021	39.927	38.014	36.003	34.226	31.393	27.038	27.256	26.810	25.468	25.576	25.571	24.896

Adjust audio equipment prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Audio equipment was 25.571 in the year 2023 and 24.896 in 2024:

24.896 / 25.571 * $20 = $19.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.47 in 2024 (in the CPI category of Audio equipment).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Audio equipment in 1977. In addition to audio equipment, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.