According to the U.S. Bureau of Labor Statistics, prices for video and audio are 16.62% higher in 2024 versus 1998 (a $3.32 difference in value).
Between 1998 and 2024: Video and audio experienced an average inflation rate of 0.59% per year. In other words, video and audio costing $20 in the year 1998 would cost $23.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for video and audio was lower.
In the year 1998: Pricing changed by 1.69%, which is above the average yearly change for video and audio during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for video and audio was higher.
Below are calculations of equivalent buying power for Video and audio, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1998 | $20.00 | 1.69% |
1999 | $19.92 | -0.38% |
2000 | $19.98 | 0.30% |
2001 | $20.07 | 0.44% |
2002 | $20.33 | 1.27% |
2003 | $20.50 | 0.86% |
2004 | $20.61 | 0.53% |
2005 | $20.60 | -0.03% |
2006 | $20.69 | 0.40% |
2007 | $20.36 | -1.56% |
2008 | $20.30 | -0.31% |
2009 | $20.03 | -1.32% |
2010 | $19.61 | -2.13% |
2011 | $19.46 | -0.73% |
2012 | $19.67 | 1.03% |
2013 | $19.72 | 0.26% |
2014 | $19.75 | 0.17% |
2015 | $19.71 | -0.21% |
2016 | $19.97 | 1.32% |
2017 | $20.61 | 3.19% |
2018 | $20.61 | 0.03% |
2019 | $20.70 | 0.44% |
2020 | $21.18 | 2.31% |
2021 | $21.83 | 3.08% |
2022 | $22.28 | 2.07% |
2023 | $22.93 | 2.89% |
2024 | $23.32 | 1.73%* |
* 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:
Year | 1993 | 1994 | 1995 | 1996 | 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 | 96.508 | 95.400 | 95.062 | 96.623 | 99.423 | 101.108 | 100.723 | 101.023 | 101.469 | 102.754 | 103.638 | 104.192 | 104.162 | 104.577 | 102.949 | 102.632 | 101.276 | 99.122 | 98.401 | 99.416 | 99.676 | 99.842 | 99.635 | 100.946 | 104.168 | 104.201 | 104.657 | 107.078 | 110.375 | 112.655 | 115.909 | 117.916 |