Music instruments and accessories priced at $20 in 2018 $20.82 in 2020

Music Instruments And Accessories Inflation Calculator

$

Prices for Music Instruments And Accessories, 2018-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for music instruments and accessories were 4.08% higher in 2020 versus 2018 (a $0.82 difference in value).

Between 2018 and 2020: Music instruments and accessories experienced an average inflation rate of 2.02% per year. This rate of change indicates significant inflation. In other words, music instruments and accessories costing $20 in the year 2018 would cost $20.82 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.42% during this same period, inflation for music instruments and accessories was higher.

Price Inflation for Music instruments and accessories since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (3.08%), and 2019 (0.97%).

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

Year 2018 2019 2020
CPI 100.559 101.534 104.664

View price changes for other categories
Philadelphia, Pennsylvania · Denver, Colorado · Atlanta, Georgia · Televisions · More

Buying power of $20 since 2018

Below are calculations of equivalent buying power for Music instruments and accessories, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $20.00 -
2019 $20.19 0.97%
2020 $20.82 3.08%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for music instruments and accessories, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Music instruments and accessories was 100.559 in the year 2018 and 104.664 in 2020:

104.664 / 100.559 * $20 = $20.82

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.82 in 2020 (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 2018. 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.

» Read more about inflation and investment.