Photographer fees inflation, 1997–2020

Prices are 24.83% higher than in 1997, according to the Bureau of Labor Statistics.

Photographer Fees Inflation Calculator

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Prices for Photographer Fees, 1997-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photographer fees are 24.83% higher in 2020 versus 1997 (a $4.97 difference in value).

Between 1997 and 2020, Photographer fees experienced an average inflation rate of 0.97% per year. In other words, photographer fees costing $20 in the year 1997 would cost $24.97 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for photographer fees was lower.

Price Inflation for Photographer fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2002 (4.04%), 2019 (-3.88%), and 2001 (2.50%).

The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Photographer fees, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.050.23%
1999$20.462.07%
2000$20.791.60%
2001$21.312.50%
2002$22.174.04%
2003$22.622.04%
2004$22.57-0.20%
2005$22.590.06%
2006$22.790.91%
2007$23.131.47%
2008$23.521.68%
2009$23.801.21%
2010$24.030.98%
2011$24.542.10%
2012$24.941.62%
2013$25.120.74%
2014$25.601.89%
2015$25.620.09%
2016$25.941.26%
2017$25.49-1.74%
2018$25.710.85%
2019$24.71-3.88%
2020$24.971.03%*

* 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 Photographer fees:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020
CPI100.000100.225102.300103.938106.533110.833113.092112.867112.933113.967115.640117.585119.009120.174122.698124.682125.607127.982128.091129.709127.457128.546123.559124.830

Adjust photographer fees prices for inflation

Start with the inflation rate formula:

CPI in 2020 / CPI in 1997* 1997 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Photographer fees was 100.000 in the year 1997 and 124.830 in 2020:

124.830 / 100.000* $20 = $24.97

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $24.97 in 2020 (in the CPI category of Photographer fees).

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