Music instruments and accessories priced at $20 in 2004 $20.55 in 2018

Historical Price Inflation for Music instruments and accessories

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Prices for Music Instruments And Accessories, 2004-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for music instruments and accessories were 2.74% higher in 2018 versus 2004 (a $0.55 difference in value).

Between 2004 and 2018: Music instruments and accessories experienced an average inflation rate of 0.19% per year. In other words, music instruments and accessories costing $20 in the year 2004 would cost $20.55 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.05% during this same period, inflation for music instruments and accessories was lower.

Price Inflation for Music instruments and accessories since 2004

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (-2.58%), 2013 (2.35%), and 2016 (2.16%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Music instruments and accessories:

Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 97.908 97.767 97.658 95.144 96.326 97.333 97.497 95.416 95.648 97.894 98.614 99.090 101.234 101.678 100.590

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Buying power of $20 since 2004

Below are calculations of equivalent buying power for Music instruments and accessories, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2004 $20.00 -
2005 $19.97 -0.14%
2006 $19.95 -0.11%
2007 $19.44 -2.58%
2008 $19.68 1.24%
2009 $19.88 1.04%
2010 $19.92 0.17%
2011 $19.49 -2.13%
2012 $19.54 0.24%
2013 $20.00 2.35%
2014 $20.14 0.74%
2015 $20.24 0.48%
2016 $20.68 2.16%
2017 $20.77 0.44%
2018 $20.55 -1.07%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for music instruments and accessories, 2004-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2004 * 2004 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Music instruments and accessories was 97.908 in the year 2004 and 100.590 in 2018:

100.590 / 97.908 * $20 = $20.55

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $20.55 in 2018 (in the CPI category of Music instruments and accessories).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Music instruments and accessories in 2004. In addition to music instruments and accessories, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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