According to the U.S. Bureau of Labor Statistics, prices for photography are 14.61% higher in 2024 versus 2020 (a $2.92 difference in value).
Between 2020 and 2024: Photography experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, photography costing $20 in the year 2020 would cost $22.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for photography was lower.
In the year 2020: Pricing changed by 2.72%, which is below the average yearly change for photography during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for photography was higher.
Below are calculations of equivalent buying power for Photography, 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 | 2.72% |
| 2021 | $20.45 | 2.26% |
| 2022 | $21.38 | 4.54% |
| 2023 | $22.54 | 5.44% |
| 2024 | $22.92 | 1.68%* |
* 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 Photography:
| 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 | 100.015 | 99.431 | 99.192 | 99.008 | 97.892 | 95.962 | 92.900 | 90.400 | 87.069 | 82.590 | 80.834 | 81.004 | 79.553 | 79.542 | 79.120 | 77.257 | 77.374 | 75.226 | 75.233 | 75.969 | 74.194 | 73.535 | 75.534 | 77.239 | 80.748 | 85.141 | 86.568 |