According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions were 67.74% higher in 2019 versus 2000 (a $13.55 difference in value).
Between 2000 and 2019: Fees for lessons or instructions experienced an average inflation rate of 2.76% 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 $33.55 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.02% 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 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for fees for lessons or instructions was lower.
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 | 2019 |
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 | 312.067 | 316.052 |
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 | $33.13 | 2.77% |
2019 | $33.55 | 1.28%* |