According to the U.S. Bureau of Labor Statistics, prices for fees for lessons or instructions are 275.07% higher in 2023 versus 1986 (a $55.01 difference in value).
Between 1986 and 2023: Fees for lessons or instructions experienced an average inflation rate of 3.64% 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 $75.01 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.77% during this same period, inflation for fees for lessons or instructions was higher.
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 | $68.06 | 4.76% |
| 2022 | $70.27 | 3.26% |
| 2023 | $75.01 | 6.75%* |
* 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 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 | 2022 | 2023 |
| 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 | 340.282 | 351.368 | 375.072 |