Recorded music and music subscriptions price inflation, 2018→2023

Recorded Music And Music Subscriptions Inflation Calculator

Prices for Recorded Music And Music Subscriptions, 2018-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions are 3.57% lower in 2023 versus 2018 (a $0.71 difference in value).

Between 2018 and 2023: Recorded music and music subscriptions experienced an average inflation rate of -0.72% per year. In other words, recorded music and music subscriptions costing $20 in the year 2018 would cost $19.29 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for recorded music and music subscriptions was significantly lower.

In the year 2018: Pricing changed by -2.85%, which is below the average yearly change for recorded music and music subscriptions during the 2018-2023 time period. Compared to inflation for all items in 2018 (2.44%), inflation for recorded music and music subscriptions was much 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%).

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Buying power of $20.00 since 2018

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
2018	$20.00	-2.85%
2019	$19.19	-4.05%
2020	$18.62	-2.97%
2021	$18.54	-0.46%
2022	$18.56	0.11%
2023	$19.29	3.93%*

* 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	82.647

Adjust recorded music and music subscriptions prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2018 * 2018 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Recorded music and music subscriptions was 85.706 in the year 2018 and 82.647 in 2023:

82.647 / 85.706 * $20 = $19.29

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $19.29 in 2023 (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.