Haircuts price inflation, 2006→2024

Haircuts Inflation Calculator

Prices for Haircuts, 2006-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services are 63.44% higher in 2024 versus 2006 (a $12.69 difference in value).

Between 2006 and 2024: Haircuts experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, haircuts costing $20 in the year 2006 would cost $32.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for haircuts was higher.

In the year 2006: Pricing changed by 2.84%, which is above the average yearly change for haircuts during the 2006-2024 time period. Compared to inflation for all items in 2006 (3.23%), inflation for haircuts was lower.

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: 2022 (5.42%), 2021 (5.07%), and 2023 (4.87%).

View price changes for other categories
Admission to sporting events · Atlanta, Georgia · Boston, Massachusetts · New cars · More

Buying power of $20.00 since 2006

Below are calculations of equivalent buying power for Haircuts, over time, for $20 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2006	$20.00	2.84%
2007	$20.66	3.30%
2008	$21.34	3.28%
2009	$21.71	1.75%
2010	$21.91	0.89%
2011	$22.02	0.52%
2012	$22.35	1.48%
2013	$22.78	1.95%
2014	$23.09	1.34%
2015	$23.58	2.14%
2016	$24.13	2.32%
2017	$24.55	1.77%
2018	$25.21	2.66%
2019	$25.89	2.70%
2020	$27.02	4.36%
2021	$28.39	5.07%
2022	$29.92	5.42%
2023	$31.38	4.87%
2024	$32.69	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

Adjust haircuts prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2006 * 2006 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Haircuts and other personal care services was 127.915 in the year 2006 and 209.065 in 2024:

209.065 / 127.915 * $20 = $32.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2006 has the same "purchasing power" as $32.69 in 2024 (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.