Fees for lessons or instructions price history from 1986 through 2021

Fees For Lessons Or Instructions Inflation Calculator

Prices for Fees For Lessons Or Instructions, 1986-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions were 238.30% higher in 2021 versus 1986 (a $47.66 difference in value).

Between 1986 and 2021: Fees for lessons or instructions experienced an average inflation rate of 3.54% per year. This rate of change indicates significant inflation. In other words, fees for lessons or instructions costing $20 in the year 1986 would cost $67.66 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for fees for lessons or instructions was higher.

Price Inflation for Fees for lessons or instructions since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1990 (7.04%), 1989 (6.77%), and 1991 (5.97%).

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

Year	1986	1987	1988	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	2021
CPI	100.000	102.015	107.354	114.623	122.692	130.023	135.285	141.908	149.300	154.469	160.569	168.785	175.969	183.931	188.423	195.600	203.523	212.754	221.369	228.508	235.969	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	324.807	338.300

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Buying power of $20 since 1986

Below are calculations of equivalent buying power for Fees for lessons or instructions, over time, for $20 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1986	$20.00	-
1987	$20.40	2.02%
1988	$21.47	5.23%
1989	$22.92	6.77%
1990	$24.54	7.04%
1991	$26.00	5.97%
1992	$27.06	4.05%
1993	$28.38	4.90%
1994	$29.86	5.21%
1995	$30.89	3.46%
1996	$32.11	3.95%
1997	$33.76	5.12%
1998	$35.19	4.26%
1999	$36.79	4.52%
2000	$37.68	2.44%
2001	$39.12	3.81%
2002	$40.70	4.05%
2003	$42.55	4.54%
2004	$44.27	4.05%
2005	$45.70	3.22%
2006	$47.19	3.27%
2007	$49.10	4.03%
2008	$50.74	3.36%
2009	$52.25	2.96%
2010	$53.03	1.49%
2011	$53.73	1.33%
2012	$54.38	1.20%
2013	$55.42	1.92%
2014	$56.24	1.48%
2015	$57.49	2.22%
2016	$58.61	1.96%
2017	$60.73	3.61%
2018	$62.41	2.77%
2019	$63.81	2.24%
2020	$64.96	1.81%
2021	$67.66	4.15%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fees for lessons or instructions, 1986-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1986 * 1986 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Fees for lessons or instructions was 100.000 in the year 1986 and 338.300 in 2021:

338.300 / 100.000 * $20 = $67.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1986 has the same "purchasing power" as $67.66 in 2021 (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 1986. 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.