According to the U.S. Bureau of Labor Statistics, prices for photo processing were 8.22% lower in 2020 versus 2016 (a $1.64 difference in value).
Between 2016 and 2020: Photo processing experienced an average inflation rate of -2.12% per year. This rate of change indicates significant deflation. In other words, photo processing costing $20 in the year 2016 would cost $18.36 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for photo processing was significantly lower.
In the year 2016: Pricing changed by 2.10%, which is significantly above the average yearly change for photo processing during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for photo processing was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Photo processing:
Below are calculations of equivalent buying power for Photo processing, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|