According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions are 0.65% lower in 2024 versus 2016 (a $0.13 difference in value).
Between 2016 and 2024: Recorded music and music subscriptions experienced an average inflation rate of -0.08% per year. In other words, recorded music and music subscriptions costing $20 in the year 2016 would cost $19.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for recorded music and music subscriptions was significantly lower.
In the year 2016: Pricing changed by -2.11%, which is below the average yearly change for recorded music and music subscriptions during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | -2.11% |
| 2017 | $20.62 | 3.08% |
| 2018 | $20.03 | -2.85% |
| 2019 | $19.22 | -4.05% |
| 2020 | $18.65 | -2.97% |
| 2021 | $18.56 | -0.46% |
| 2022 | $18.58 | 0.11% |
| 2023 | $19.27 | 3.72% |
| 2024 | $19.87 | 3.10%* |
* 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 | 2024 |
| 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 | 82.476 | 85.029 |