Photographic equipment and supplies price inflation, 2020→2024

Photographic Equipment And Supplies Inflation Calculator

Prices for Photographic Equipment And Supplies, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photographic equipment and supplies are 22.11% higher in 2024 versus 2020 (a $4.42 difference in value).

Between 2020 and 2024: Photographic equipment and supplies experienced an average inflation rate of 5.12% per year. This rate of change indicates significant inflation. In other words, photographic equipment and supplies costing $20 in the year 2020 would cost $24.42 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for photographic equipment and supplies was higher.

In the year 2020: Pricing changed by 5.03%, which is below the average yearly change for photographic equipment and supplies during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for photographic equipment and supplies was much higher.

Price Inflation for Photographic equipment and supplies since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (11.46%), 2007 (-10.43%), and 2024 (8.66%).

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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Photographic equipment and supplies, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	5.03%
2021	$20.66	3.28%
2022	$21.52	4.18%
2023	$22.48	4.45%
2024	$24.42	8.66%*

* 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 Photographic equipment and supplies:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	76.100	78.562	82.023	91.423	95.177	98.331	99.946	101.746	103.515	107.738	114.954	120.285	125.708	128.654	130.962	133.123	134.500	132.323	133.423	133.685	134.023	133.023	130.262	126.377	123.792	118.592	112.569	104.262	98.485	91.077	81.582	76.524	73.869	69.881	66.853	64.297	60.442	59.057	55.073	53.827	55.706	53.682	53.791	56.496	58.348	60.787	63.491	68.987

Adjust photographic equipment and supplies prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Photographic equipment and supplies was 56.496 in the year 2020 and 68.987 in 2024:

68.987 / 56.496 * $20 = $24.42

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $24.42 in 2024 (in the CPI category of Photographic equipment and supplies).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Photographic equipment and supplies in 1977. In addition to photographic equipment and supplies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.