According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions are 22.10% lower in 2023 versus 2007 (a $4.42 difference in value).
Between 2007 and 2023: Recorded music and music subscriptions experienced an average inflation rate of -1.55% per year. In other words, recorded music and music subscriptions costing $20 in the year 2007 would cost $15.58 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.41% during this same period, inflation for recorded music and music subscriptions was significantly lower.
In the year 2007: Pricing changed by -1.97%, which is below the average yearly change for recorded music and music subscriptions during the 2007-2023 time period. Compared to inflation for all items in 2007 (2.85%), inflation for recorded music and music subscriptions was much lower.
Below are calculations of equivalent buying power for Recorded music and music subscriptions, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2007 | $20.00 | -1.97% |
| 2008 | $19.63 | -1.87% |
| 2009 | $18.75 | -4.46% |
| 2010 | $17.85 | -4.81% |
| 2011 | $17.39 | -2.55% |
| 2012 | $16.84 | -3.17% |
| 2013 | $16.92 | 0.46% |
| 2014 | $16.94 | 0.10% |
| 2015 | $16.58 | -2.11% |
| 2016 | $16.23 | -2.11% |
| 2017 | $16.73 | 3.08% |
| 2018 | $16.25 | -2.85% |
| 2019 | $15.59 | -4.05% |
| 2020 | $15.13 | -2.97% |
| 2021 | $15.06 | -0.46% |
| 2022 | $15.08 | 0.11% |
| 2023 | $15.58 | 3.33%* |
* 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 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 | 2022 | 2023 |
| 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 | 79.429 | 79.518 | 82.168 |