According to the U.S. Bureau of Labor Statistics, prices for photographic equipment are 8.09% higher in 2024 versus 2023 (a $1.62 difference in value).
Between 2023 and 2024: Photographic equipment experienced an average inflation rate of 8.09% per year. This rate of change indicates significant inflation. In other words, photographic equipment costing $20 in the year 2023 would cost $21.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for photographic equipment was significantly higher.
In the year 2023: Pricing changed by 3.56%, which is significantly below the average yearly change for photographic equipment during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for photographic equipment was lower.
Below are calculations of equivalent buying power for Photographic equipment, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | 3.56% |
| 2024 | $21.62 | 8.09%* |
* 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:
| 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 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 97.615 | 94.777 | 92.231 | 86.962 | 81.292 | 75.085 | 66.385 | 58.631 | 51.200 | 41.552 | 36.626 | 34.736 | 32.125 | 29.998 | 28.243 | 26.262 | 24.676 | 22.678 | 22.008 | 22.905 | 22.287 | 22.437 | 23.459 | 24.511 | 25.423 | 26.329 | 28.458 |