Fees for lessons or instructions priced at $20 in 2000 $33.09 in 2018

Historical Price Inflation for Fees for lessons or instructions

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Prices for Fees For Lessons Or Instructions, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions were 65.46% higher in 2018 versus 2000 (a $13.09 difference in value).

Between 2000 and 2018: Fees for lessons or instructions experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, fees for lessons or instructions costing $20 in the year 2000 would cost $33.09 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for fees for lessons or instructions was higher.

In the year 2000: Pricing changed by 2.44%, which is below the average yearly change for fees for lessons or instructions during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for fees for lessons or instructions was lower.

Price Inflation for Fees for lessons or instructions since 1989

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (7.04%), 1991 (5.98%), and 1994 (5.22%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fees for lessons or instructions:

Year 1989 1990 1991 1992 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
CPI 114.633 122.708 130.042 135.267 141.892 149.292 154.467 160.558 168.808 175.975 183.925 188.417 195.575 203.508 212.742 221.367 228.508 235.967 245.485 253.722 261.232 265.137 268.651 271.887 277.102 281.195 287.430 293.075 303.645 311.759

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Fees for lessons or instructions, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 2.44%
2001 $20.76 3.80%
2002 $21.60 4.06%
2003 $22.58 4.54%
2004 $23.50 4.05%
2005 $24.26 3.23%
2006 $25.05 3.26%
2007 $26.06 4.03%
2008 $26.93 3.36%
2009 $27.73 2.96%
2010 $28.14 1.49%
2011 $28.52 1.33%
2012 $28.86 1.20%
2013 $29.41 1.92%
2014 $29.85 1.48%
2015 $30.51 2.22%
2016 $31.11 1.96%
2017 $32.23 3.61%
2018 $33.09 2.67%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fees for lessons or instructions, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Fees for lessons or instructions was 188.417 in the year 2000 and 311.759 in 2018:

311.759 / 188.417 * $20 = $33.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $33.09 in 2018 (in the CPI category of Fees for lessons or instructions).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fees for lessons or instructions in 1989. In addition to fees for lessons or instructions, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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