Fees for lessons or instructions price history from 1989 through 2020

Fees For Lessons Or Instructions Inflation Calculator

Prices for Fees For Lessons Or Instructions, 1989-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions were 180.14% higher in 2020 versus 1989 (a $36.03 difference in value).

Between 1989 and 2020: Fees for lessons or instructions experienced an average inflation rate of 3.38% per year. This rate of change indicates significant inflation. In other words, fees for lessons or instructions costing $20 in the year 1989 would cost $56.03 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for fees for lessons or instructions was higher.

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	2019	2020
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	319.044	321.136

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Buying power of $20 since 1989

Below are calculations of equivalent buying power for Fees for lessons or instructions, over time, for $20 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1989	$20.00	-
1990	$21.41	7.04%
1991	$22.69	5.98%
1992	$23.60	4.02%
1993	$24.76	4.90%
1994	$26.05	5.22%
1995	$26.95	3.47%
1996	$28.01	3.94%
1997	$29.45	5.14%
1998	$30.70	4.25%
1999	$32.09	4.52%
2000	$32.87	2.44%
2001	$34.12	3.80%
2002	$35.51	4.06%
2003	$37.12	4.54%
2004	$38.62	4.05%
2005	$39.87	3.23%
2006	$41.17	3.26%
2007	$42.83	4.03%
2008	$44.27	3.36%
2009	$45.58	2.96%
2010	$46.26	1.49%
2011	$46.87	1.33%
2012	$47.44	1.20%
2013	$48.35	1.92%
2014	$49.06	1.48%
2015	$50.15	2.22%
2016	$51.13	1.96%
2017	$52.98	3.61%
2018	$54.45	2.77%
2019	$55.66	2.24%
2020	$56.03	0.66%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fees for lessons or instructions, 1989-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1989 * 1989 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fees for lessons or instructions was 114.633 in the year 1989 and 321.136 in 2020:

321.136 / 114.633 * $20 = $56.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $56.03 in 2020 (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.