Recorded music and music subscriptions priced at $20 in 1997 $15.73 in 2021

Recorded Music And Music Subscriptions Inflation Calculator

$

Prices for Recorded Music And Music Subscriptions, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions were 21.35% lower in 2021 versus 1997 (a $4.27 difference in value).

Between 1997 and 2021: Recorded music and music subscriptions experienced an average inflation rate of -1% per year. In other words, recorded music and music subscriptions costing $20 in the year 1997 would cost $15.73 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for recorded music and music subscriptions was significantly lower.

Price Inflation for Recorded music and music subscriptions since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2010 (-4.81%), 2009 (-4.46%), and 2001 (4.38%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Recorded music and music subscriptions:

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
CPI 100.000 99.762 101.254 102.131 106.600 105.654 108.300 108.662 109.723 107.600 105.475 103.502 98.885 94.128 91.728 88.818 89.225 89.316 87.427 85.586 88.224 85.706 82.233 79.793 78.653

View price changes for other categories
Fish and seafood · Medical care · Parking fees and tolls · Admission to sporting events · More

Buying power of $20 since 1997

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

Year USD Value Inflation Rate
1997 $20.00 -
1998 $19.95 -0.24%
1999 $20.25 1.50%
2000 $20.43 0.87%
2001 $21.32 4.38%
2002 $21.13 -0.89%
2003 $21.66 2.50%
2004 $21.73 0.33%
2005 $21.94 0.98%
2006 $21.52 -1.93%
2007 $21.10 -1.97%
2008 $20.70 -1.87%
2009 $19.78 -4.46%
2010 $18.83 -4.81%
2011 $18.35 -2.55%
2012 $17.76 -3.17%
2013 $17.84 0.46%
2014 $17.86 0.10%
2015 $17.49 -2.11%
2016 $17.12 -2.11%
2017 $17.64 3.08%
2018 $17.14 -2.85%
2019 $16.45 -4.05%
2020 $15.96 -2.97%
2021 $15.73 -1.43%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for recorded music and music subscriptions, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Recorded music and music subscriptions was 100.000 in the year 1997 and 78.653 in 2021:

78.653 / 100.000 * $20 = $15.73

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $15.73 in 2021 (in the CPI category of Recorded music and music subscriptions).


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

» Read more about inflation and investment.