According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services are 106.40% higher in 2024 versus 1998 (a $21.28 difference in value).
Between 1998 and 2024: Haircuts experienced an average inflation rate of 2.83% per year. This rate of change indicates significant inflation. In other words, haircuts costing $20 in the year 1998 would cost $41.28 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for haircuts was higher.
In the year 1998: Pricing changed by 1.29%, which is below the average yearly change for haircuts during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for haircuts was lower.
Below are calculations of equivalent buying power for Haircuts, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 1.29% |
| 1999 | $20.65 | 3.25% |
| 2000 | $21.46 | 3.93% |
| 2001 | $22.21 | 3.47% |
| 2002 | $22.69 | 2.19% |
| 2003 | $23.27 | 2.56% |
| 2004 | $23.81 | 2.28% |
| 2005 | $24.56 | 3.16% |
| 2006 | $25.26 | 2.84% |
| 2007 | $26.09 | 3.30% |
| 2008 | $26.95 | 3.28% |
| 2009 | $27.42 | 1.75% |
| 2010 | $27.66 | 0.89% |
| 2011 | $27.81 | 0.52% |
| 2012 | $28.22 | 1.48% |
| 2013 | $28.77 | 1.95% |
| 2014 | $29.16 | 1.34% |
| 2015 | $29.78 | 2.14% |
| 2016 | $30.47 | 2.32% |
| 2017 | $31.01 | 1.77% |
| 2018 | $31.83 | 2.66% |
| 2019 | $32.69 | 2.70% |
| 2020 | $34.12 | 4.36% |
| 2021 | $35.85 | 5.07% |
| 2022 | $37.79 | 5.42% |
| 2023 | $39.63 | 4.87% |
| 2024 | $41.28 | 4.17%* |
* 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 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 | 2023 | 2024 |
| 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 | 191.383 | 200.697 | 209.065 |