According to the U.S. Bureau of Labor Statistics, prices for music instruments and accessories are 19.77% higher in 2024 versus 1998 (a $3.95 difference in value).
Between 1998 and 2024: Music instruments and accessories experienced an average inflation rate of 0.70% per year. In other words, music instruments and accessories costing $20 in the year 1998 would cost $23.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for music instruments and accessories was lower.
In the year 1998: Pricing changed by 0.67%, which is below the average yearly change for music instruments and accessories during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for music instruments and accessories was lower.
Below are calculations of equivalent buying power for Music instruments and accessories, 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 | 0.67% |
| 1999 | $19.74 | -1.32% |
| 2000 | $19.71 | -0.14% |
| 2001 | $19.90 | 0.97% |
| 2002 | $19.87 | -0.12% |
| 2003 | $19.71 | -0.85% |
| 2004 | $19.45 | -1.30% |
| 2005 | $19.43 | -0.12% |
| 2006 | $19.41 | -0.11% |
| 2007 | $18.90 | -2.59% |
| 2008 | $19.14 | 1.24% |
| 2009 | $19.34 | 1.04% |
| 2010 | $19.37 | 0.17% |
| 2011 | $18.96 | -2.13% |
| 2012 | $19.00 | 0.24% |
| 2013 | $19.45 | 2.35% |
| 2014 | $19.59 | 0.74% |
| 2015 | $19.69 | 0.48% |
| 2016 | $20.11 | 2.16% |
| 2017 | $20.20 | 0.44% |
| 2018 | $19.98 | -1.10% |
| 2019 | $20.17 | 0.97% |
| 2020 | $20.85 | 3.35% |
| 2021 | $21.17 | 1.53% |
| 2022 | $22.45 | 6.05% |
| 2023 | $23.91 | 6.51% |
| 2024 | $23.95 | 0.18%* |
* 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 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 | 2023 | 2024 |
| 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 | 112.994 | 120.351 | 120.572 |