Haircuts price inflation, 1997→2023

Haircuts Inflation Calculator

Prices for Haircuts, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services are 98.17% higher in 2023 versus 1997 (a $19.63 difference in value).

Between 1997 and 2023: Haircuts experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, haircuts costing $20 in the year 1997 would cost $39.63 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for haircuts was higher.

Price Inflation for Haircuts and other personal care services since 1997

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

Years with the largest changes in pricing: 2022 (5.42%), 2021 (5.07%), and 2020 (4.36%).

View price changes for other categories
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Buying power of $20.00 since 1997

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	$38.28	5.42%
2023	$39.63	3.55%*

* 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 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	2023
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	191.383	198.173

Adjust haircuts prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Haircuts and other personal care services was 100.000 in the year 1997 and 198.173 in 2023:

198.173 / 100.000 * $20 = $39.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $39.63 in 2023 (in the CPI category of Haircuts and other personal care services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Haircuts and other personal care services in 1997. In addition to haircuts, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.