Photography priced at $20 in 1997 $16.83 in 2023

Photography Inflation Calculator

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Prices for Photography, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photography are 15.84% lower in 2023 versus 1997 (a $3.17 difference in value).

Between 1997 and 2023: Photography experienced an average inflation rate of -0.66% per year. In other words, photography costing $20 in the year 1997 would cost $16.83 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for photography was significantly lower.

Price Inflation for Photography since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (-5.14%), 2022 (4.54%), and 2023 (4.22%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Photography, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.000.02%
1999$19.89-0.58%
2000$19.84-0.24%
2001$19.80-0.19%
2002$19.58-1.13%
2003$19.19-1.97%
2004$18.58-3.19%
2005$18.08-2.69%
2006$17.41-3.68%
2007$16.52-5.14%
2008$16.17-2.13%
2009$16.200.21%
2010$15.91-1.79%
2011$15.91-0.01%
2012$15.82-0.53%
2013$15.45-2.35%
2014$15.470.15%
2015$15.05-2.78%
2016$15.050.01%
2017$15.190.98%
2018$14.84-2.34%
2019$14.71-0.89%
2020$15.112.72%
2021$15.452.26%
2022$16.154.54%
2023$16.834.22%*

* 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 Photography:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000100.01599.43199.19299.00897.89295.96292.90090.40087.06982.59080.83481.00479.55379.54279.12077.25777.37475.22675.23375.96974.19473.53575.53477.23980.74884.158

Adjust photography 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 Photography was 100.000 in the year 1997 and 84.158 in 2023:

84.158 / 100.000 * $20 = $16.83

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $16.83 in 2023 (in the CPI category of Photography).


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

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