Photographer fees price inflation, 1998→2020

Photographer Fees Inflation Calculator

Prices for Photographer Fees, 1998-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photographer fees are 23.69% higher in 2020 versus 1998 (a $4.74 difference in value).

Between 1998 and 2020: Photographer fees experienced an average inflation rate of 0.97% per year. In other words, photographer fees costing $20 in the year 1998 would cost $24.74 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for photographer fees was lower.

In the year 1998: Pricing changed by 0.67%, which is below the average yearly change for photographer fees during the 1998-2020 time period. Compared to inflation for all items in 1998 (1.55%), 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 (-3.87%), and 2001 (2.51%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Photographer fees, 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	$20.32	1.62%
2000	$20.65	1.59%
2001	$21.16	2.51%
2002	$22.02	4.04%
2003	$22.47	2.04%
2004	$22.42	-0.20%
2005	$22.44	0.05%
2006	$22.64	0.92%
2007	$22.97	1.47%
2008	$23.36	1.68%
2009	$23.64	1.21%
2010	$23.87	0.98%
2011	$24.38	2.10%
2012	$24.77	1.62%
2013	$24.95	0.74%
2014	$25.43	1.89%
2015	$25.45	0.09%
2016	$25.77	1.26%
2017	$25.32	-1.74%
2018	$25.50	0.70%
2019	$24.51	-3.87%
2020	$24.74	0.93%*

* 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:

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	100.670	102.300	103.922	106.531	110.831	113.092	112.869	112.931	113.969	115.640	117.585	119.008	120.174	122.698	124.682	125.607	127.982	128.091	129.709	127.457	128.346	123.375	124.517

Adjust photographer fees prices for inflation

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 Photographer fees was 100.670 in the year 1998 and 124.517 in 2020:

124.517 / 100.670 * $20 = $24.74

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $24.74 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.