According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions were 11.17% lower in 2021 versus 2014 (a $2.23 difference in value).
Between 2014 and 2021: Recorded music and music subscriptions experienced an average inflation rate of -1.68% per year. In other words, recorded music and music subscriptions costing $20 in the year 2014 would cost $17.77 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for recorded music and music subscriptions was significantly lower.
In the year 2014: Pricing changed by 0.10%, which is above the average yearly change for recorded music and music subscriptions during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for recorded music and music subscriptions was 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|