According to the U.S. Bureau of Labor Statistics, prices for video and audio products are 40.32% lower in 2024 versus 2016 (a $8.06 difference in value).
Between 2016 and 2024: Video and audio products experienced an average inflation rate of -6.25% per year. This rate of change indicates significant deflation. In other words, video and audio products costing $20 in the year 2016 would cost $11.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for video and audio products was significantly lower.
In the year 2016: Pricing changed by -11.32%, which is significantly below the average yearly change for video and audio products during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for video and audio products was much lower.
Below are calculations of equivalent buying power for Video and audio products, 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 | -11.32% |
| 2017 | $18.22 | -8.89% |
| 2018 | $15.99 | -12.25% |
| 2019 | $14.48 | -9.47% |
| 2020 | $13.57 | -6.28% |
| 2021 | $13.68 | 0.83% |
| 2022 | $12.95 | -5.33% |
| 2023 | $12.29 | -5.11% |
| 2024 | $11.94 | -2.87%* |
* 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 Video and audio products:
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 94.375 | 86.135 | 78.086 | 72.383 | 67.119 | 61.302 | 54.365 | 49.534 | 43.467 | 39.350 | 36.880 | 37.186 | 35.205 | 33.404 | 32.446 |