Photo processing priced at $20 in 1998 $22.63 in 2020

Photo Processing Inflation Calculator

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Prices for Photo Processing, 1998-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photo processing were 13.15% higher in 2020 versus 1998 (a $2.63 difference in value).

Between 1998 and 2020: Photo processing experienced an average inflation rate of 0.56% per year. In other words, photo processing costing $20 in the year 1998 would cost $22.63 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for photo processing was lower.

In the year 1998: Pricing changed by 0.01%, which is below the average yearly change for photo processing during the 1998-2020 time period. Compared to inflation for all items in 1998 (1.55%), inflation for photo processing was lower.

Price Inflation for Photo processing since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2018 (-7.28%), 2009 (5.11%), and 2011 (3.65%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Photo processing:

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
CPI 100.000 100.008 99.854 100.600 99.962 100.392 100.662 100.292 99.508 99.269 98.882 100.430 105.562 107.391 111.308 113.352 114.409 117.798 120.771 123.303 121.105 112.290 113.120 113.162

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Buying power of $20 since 1998

Below are calculations of equivalent buying power for Photo processing, 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 0.01%
1999 $19.97 -0.15%
2000 $20.12 0.75%
2001 $19.99 -0.63%
2002 $20.08 0.43%
2003 $20.13 0.27%
2004 $20.06 -0.37%
2005 $19.90 -0.78%
2006 $19.85 -0.24%
2007 $19.77 -0.39%
2008 $20.08 1.57%
2009 $21.11 5.11%
2010 $21.48 1.73%
2011 $22.26 3.65%
2012 $22.67 1.84%
2013 $22.88 0.93%
2014 $23.56 2.96%
2015 $24.15 2.52%
2016 $24.66 2.10%
2017 $24.22 -1.78%
2018 $22.46 -7.28%
2019 $22.62 0.74%
2020 $22.63 0.04%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for photo processing, 1998-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1998 * 1998 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Photo processing was 100.008 in the year 1998 and 113.162 in 2020:

113.162 / 100.008 * $20 = $22.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $22.63 in 2020 (in the CPI category of Photo processing).


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

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