Haircuts priced at $53 in 2021→$55.87 in 2022

Haircuts Inflation Calculator

$

Prices for Haircuts, 2021-2022 ($53)

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.

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%).

The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.

View price changes for other categories
Wireless telephone services · Chicago, Illinois · Denver, Colorado · Hospital services · More

Buying power of $53.00 since 2021

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:

YearUSD ValueInflation Rate
2021$53.005.07%
2022$55.875.42%
2023$58.594.87%
2024$61.254.54%
2025$63.834.22%
2026$66.143.62%*

* 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:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI100.000101.292104.583108.692112.467114.933117.875120.567124.383127.917132.136136.475138.866140.102140.826142.916145.702147.659150.813154.309157.038161.216165.570172.782181.548191.383200.697209.810218.658226.573

Adjust haircuts prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021* 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Haircuts and other personal care services was 181.548 in the year 2021 and 191.383 in 2022:

191.383 / 181.548* $53 = $55.87

Therefore, according to U.S. Bureau of Labor Statistics, $53 in 2021 has the same "purchasing power" as $55.87 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.