According to the U.S. Bureau of Labor Statistics, prices for recorded music and music subscriptions were 1.23% lower in 2021 versus 2020 (a $0.25 difference in value).
Between 2020 and 2021: Recorded music and music subscriptions experienced an average inflation rate of -1.23% per year. In other words, recorded music and music subscriptions costing $20 in the year 2020 would cost $19.75 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for recorded music and music subscriptions was significantly lower.
In the year 2020: Pricing changed by -2.97%, which is below the average yearly change for recorded music and music subscriptions during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for recorded music and music subscriptions was much 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|