Fees for lessons or instructions priced at $20 in 1989 $56.26 in 2020

Fees For Lessons Or Instructions Inflation Calculator

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Prices for Fees For Lessons Or Instructions, 1989-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions were 181.31% higher in 2020 versus 1989 (a $36.26 difference in value).

Between 1989 and 2020: Fees for lessons or instructions experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, fees for lessons or instructions costing $20 in the year 1989 would cost $56.26 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for fees for lessons or instructions was higher.

Price Inflation for Fees for lessons or instructions since 1989

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (7.04%), 1991 (5.98%), and 1994 (5.22%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fees for lessons or instructions:

Year 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
CPI 114.633 122.708 130.042 135.267 141.892 149.292 154.467 160.558 168.808 175.975 183.925 188.417 195.575 203.508 212.742 221.367 228.508 235.967 245.485 253.722 261.232 265.137 268.651 271.887 277.102 281.195 287.430 293.075 303.645 312.067 319.044 322.478

View price changes for other categories
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Buying power of $20 since 1989

Below are calculations of equivalent buying power for Fees for lessons or instructions, over time, for $20 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1989 $20.00 -
1990 $21.41 7.04%
1991 $22.69 5.98%
1992 $23.60 4.02%
1993 $24.76 4.90%
1994 $26.05 5.22%
1995 $26.95 3.47%
1996 $28.01 3.94%
1997 $29.45 5.14%
1998 $30.70 4.25%
1999 $32.09 4.52%
2000 $32.87 2.44%
2001 $34.12 3.80%
2002 $35.51 4.06%
2003 $37.12 4.54%
2004 $38.62 4.05%
2005 $39.87 3.23%
2006 $41.17 3.26%
2007 $42.83 4.03%
2008 $44.27 3.36%
2009 $45.58 2.96%
2010 $46.26 1.49%
2011 $46.87 1.33%
2012 $47.44 1.20%
2013 $48.35 1.92%
2014 $49.06 1.48%
2015 $50.15 2.22%
2016 $51.13 1.96%
2017 $52.98 3.61%
2018 $54.45 2.77%
2019 $55.66 2.24%
2020 $56.26 1.08%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fees for lessons or instructions, 1989-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1989 * 1989 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fees for lessons or instructions was 114.633 in the year 1989 and 322.478 in 2020:

322.478 / 114.633 * $20 = $56.26

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $56.26 in 2020 (in the CPI category of Fees for lessons or instructions).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fees for lessons or instructions in 1989. In addition to fees for lessons or instructions, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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