According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services are 88.45% higher in 2022 versus 1997 (a $17.69 difference in value).
Between 1997 and 2022: Haircuts experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, haircuts costing $20 in the year 1997 would cost $37.69 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.33% during this same period, inflation for haircuts was higher.
Below are calculations of equivalent buying power for Haircuts, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $20.26 | 1.29% |
| 1999 | $20.92 | 3.25% |
| 2000 | $21.74 | 3.93% |
| 2001 | $22.49 | 3.47% |
| 2002 | $22.99 | 2.19% |
| 2003 | $23.58 | 2.56% |
| 2004 | $24.11 | 2.28% |
| 2005 | $24.88 | 3.16% |
| 2006 | $25.58 | 2.84% |
| 2007 | $26.43 | 3.30% |
| 2008 | $27.29 | 3.28% |
| 2009 | $27.77 | 1.75% |
| 2010 | $28.02 | 0.89% |
| 2011 | $28.17 | 0.52% |
| 2012 | $28.58 | 1.48% |
| 2013 | $29.14 | 1.95% |
| 2014 | $29.53 | 1.34% |
| 2015 | $30.16 | 2.14% |
| 2016 | $30.86 | 2.32% |
| 2017 | $31.41 | 1.77% |
| 2018 | $32.24 | 2.66% |
| 2019 | $33.11 | 2.70% |
| 2020 | $34.56 | 4.36% |
| 2021 | $36.31 | 5.07% |
| 2022 | $37.69 | 3.80%* |
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Haircuts and other personal care services:
| Year | 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 |
| CPI | 100.000 | 101.292 | 104.585 | 108.692 | 112.469 | 114.931 | 117.877 | 120.569 | 124.385 | 127.915 | 132.136 | 136.475 | 138.866 | 140.102 | 140.826 | 142.916 | 145.702 | 147.659 | 150.813 | 154.309 | 157.038 | 161.216 | 165.570 | 172.782 | 181.548 | 188.453 |