Fees for lessons or instructions priced at $20 in 1989 $66.73 in 2023

Fees For Lessons Or Instructions Inflation Calculator

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Prices for Fees For Lessons Or Instructions, 1989-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions are 233.67% higher in 2023 versus 1989 (a $46.73 difference in value).

Between 1989 and 2023: Fees for lessons or instructions experienced an average inflation rate of 3.61% 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 $66.73 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation for fees for lessons or instructions was higher.

In the year 1989: Pricing changed by 6.77%, which is significantly above the average yearly change for fees for lessons or instructions during the 1989-2023 time period. Compared to inflation for all items in 1989 (4.83%), inflation for fees for lessons or instructions was higher.

Price Inflation for Fees for lessons or instructions since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (8.85%), 1990 (7.04%), and 1989 (6.77%).

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Buying power of $20.00 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:

YearUSD ValueInflation Rate
1989$20.006.77%
1990$21.417.04%
1991$22.695.97%
1992$23.614.05%
1993$24.764.90%
1994$26.055.21%
1995$26.953.46%
1996$28.023.95%
1997$29.455.12%
1998$30.704.26%
1999$32.094.52%
2000$32.882.44%
2001$34.133.81%
2002$35.514.05%
2003$37.124.54%
2004$38.634.05%
2005$39.873.22%
2006$41.173.27%
2007$42.834.03%
2008$44.273.36%
2009$45.582.96%
2010$46.261.49%
2011$46.881.33%
2012$47.441.20%
2013$48.351.92%
2014$49.061.48%
2015$50.152.22%
2016$51.141.96%
2017$52.983.61%
2018$54.452.77%
2019$55.672.24%
2020$56.671.81%
2021$59.374.76%
2022$61.313.26%
2023$66.738.85%*

* 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 Fees for lessons or instructions:

Year19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000102.015107.354114.623122.692130.023135.285141.908149.300154.469160.569168.785175.969183.931188.423195.600203.523212.754221.369228.508235.969245.485253.722261.232265.137268.651271.887277.102281.195287.430293.075303.645312.067319.044324.807340.282351.368382.467

Adjust fees for lessons or instructions prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1989 * 1989 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Fees for lessons or instructions was 114.623 in the year 1989 and 382.467 in 2023:

382.467 / 114.623 * $20 = $66.73

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $66.73 in 2023 (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 1986. 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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