According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services were 5.42% higher in 2022 versus 2021 (a $2.87 difference in value).
Between 2021 and 2022: Haircuts experienced an average inflation rate of 5.42% per year. This rate of change indicates significant inflation. In other words, haircuts costing $53 in the year 2021 would cost $55.87 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 8.00% during this same period, inflation for haircuts was lower.
In the year 2021: Pricing changed by 5.07%, which is below the average yearly change for haircuts during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for haircuts was higher.
Below are calculations of equivalent buying power for Haircuts, over time, for $53 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: