Haircuts priced at $20 in 1997 $37.69 in 2022

Haircuts Inflation Calculator

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Prices for Haircuts, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services are 88.45% higher in 2022 versus 1997 (a $17.69 difference in value).

Between 1997 and 2022: Haircuts experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, haircuts costing $20 in the year 1997 would cost $37.69 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.33% during this same period, inflation for haircuts was higher.

Price Inflation for Haircuts and other personal care services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (5.07%), 2020 (4.36%), and 2000 (3.93%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Haircuts, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $20.26 1.29%
1999 $20.92 3.25%
2000 $21.74 3.93%
2001 $22.49 3.47%
2002 $22.99 2.19%
2003 $23.58 2.56%
2004 $24.11 2.28%
2005 $24.88 3.16%
2006 $25.58 2.84%
2007 $26.43 3.30%
2008 $27.29 3.28%
2009 $27.77 1.75%
2010 $28.02 0.89%
2011 $28.17 0.52%
2012 $28.58 1.48%
2013 $29.14 1.95%
2014 $29.53 1.34%
2015 $30.16 2.14%
2016 $30.86 2.32%
2017 $31.41 1.77%
2018 $32.24 2.66%
2019 $33.11 2.70%
2020 $34.56 4.36%
2021 $36.31 5.07%
2022 $37.69 3.80%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Haircuts and other personal care services:

Year 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
CPI 100.000 101.292 104.585 108.692 112.469 114.931 117.877 120.569 124.385 127.915 132.136 136.475 138.866 140.102 140.826 142.916 145.702 147.659 150.813 154.309 157.038 161.216 165.570 172.782 181.548 188.453

Adjust haircuts prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Haircuts and other personal care services was 100.000 in the year 1997 and 188.453 in 2022:

188.453 / 100.000 * $20 = $37.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $37.69 in 2022 (in the CPI category of Haircuts and other personal care services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Haircuts and other personal care services in 1997. In addition to haircuts, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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