Music instruments and accessories priced at $20 in 1997 $22.46 in 2022

Music Instruments And Accessories Inflation Calculator

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Prices for Music Instruments And Accessories, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for music instruments and accessories are 12.30% higher in 2022 versus 1997 (a $2.46 difference in value).

Between 1997 and 2022: Music instruments and accessories experienced an average inflation rate of 0.47% per year. In other words, music instruments and accessories costing $20 in the year 1997 would cost $22.46 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.35% during this same period, inflation for music instruments and accessories was lower.

Price Inflation for Music instruments and accessories since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (5.40%), 2020 (3.35%), and 2007 (-2.59%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Music instruments and accessories, 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 $20.13 0.67%
1999 $19.87 -1.32%
2000 $19.84 -0.14%
2001 $20.03 0.97%
2002 $20.01 -0.12%
2003 $19.84 -0.85%
2004 $19.58 -1.30%
2005 $19.56 -0.12%
2006 $19.54 -0.11%
2007 $19.03 -2.59%
2008 $19.27 1.24%
2009 $19.47 1.04%
2010 $19.50 0.17%
2011 $19.08 -2.13%
2012 $19.13 0.24%
2013 $19.58 2.35%
2014 $19.72 0.74%
2015 $19.82 0.48%
2016 $20.25 2.16%
2017 $20.34 0.44%
2018 $20.11 -1.10%
2019 $20.31 0.97%
2020 $20.99 3.35%
2021 $21.31 1.53%
2022 $22.46 5.40%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Music instruments and accessories:

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 100.000 100.669 99.338 99.200 100.162 100.038 99.185 97.900 97.785 97.677 95.144 96.326 97.333 97.497 95.416 95.648 97.894 98.614 99.090 101.234 101.678 100.559 101.534 104.937 106.547 112.299

Adjust music instruments and accessories 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 Music instruments and accessories was 100.000 in the year 1997 and 112.299 in 2022:

112.299 / 100.000 * $20 = $22.46

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $22.46 in 2022 (in the CPI category of Music instruments and accessories).


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

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