Haircuts and other personal care services price history from 1997 through 2020

Haircuts And Other Personal Care Services Inflation Calculator

Prices for Haircuts And Other Personal Care Services, 1997-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for haircuts and other personal care services were 72.02% higher in 2020 versus 1997 (a $14.40 difference in value).

Between 1997 and 2020: Haircuts and other personal care services experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, haircuts and other personal care services costing $20 in the year 1997 would cost $34.40 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for haircuts and other personal care services 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: 2000 (3.93%), 2020 (3.90%), and 2001 (3.47%).

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
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	172.023

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Buying power of $20 since 1997

Below are calculations of equivalent buying power for Haircuts and other personal care services, 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	$34.40	3.90%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for haircuts and other personal care services, 1997-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1997 * 1997 USD value = 2020 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 172.023 in 2020:

172.023 / 100.000 * $20 = $34.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $34.40 in 2020 (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 and other personal care services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.