According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions were 7.89% lower in 2020 versus 2018 (a $1.58 difference in value).
Between 2018 and 2020: Recorded music and music subscriptions experienced an average inflation rate of -4.03% per year. This rate of change indicates significant deflation. In other words, recorded music and music subscriptions costing $20 in the year 2018 would cost $18.42 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for recorded music and music subscriptions was significantly lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Recorded music and music subscriptions:
Below are calculations of equivalent buying power for Recorded music and music subscriptions, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|