Photography priced at $20 in 2000 $14.96 in 2018

Historical Price Inflation for Photography

$

Prices for Photography, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photography were 25.19% lower in 2018 versus 2000 (a $5.04 difference in value).

Between 2000 and 2018: Photography experienced an average inflation rate of -1.60% per year. In other words, photography costing $20 in the year 2000 would cost $14.96 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for photography was significantly lower.

In the year 2000: Pricing changed by -0.24%, which is above the average yearly change for photography during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for photography was much 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%), 2006 (-3.68%), and 2004 (-3.19%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Photography:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 100.015 99.431 99.192 99.008 97.892 95.962 92.900 90.400 87.069 82.590 80.834 81.004 79.553 79.542 79.120 77.257 77.374 75.226 75.233 75.969 74.202

View price changes for other categories
Wireless telephone services · Medical care · Admission to sporting events · Gasoline (all types) · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Photography, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 -0.24%
2001 $19.96 -0.19%
2002 $19.74 -1.13%
2003 $19.35 -1.97%
2004 $18.73 -3.19%
2005 $18.23 -2.69%
2006 $17.56 -3.68%
2007 $16.65 -5.14%
2008 $16.30 -2.13%
2009 $16.33 0.21%
2010 $16.04 -1.79%
2011 $16.04 -0.01%
2012 $15.95 -0.53%
2013 $15.58 -2.35%
2014 $15.60 0.15%
2015 $15.17 -2.78%
2016 $15.17 0.01%
2017 $15.32 0.98%
2018 $14.96 -2.33%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for photography, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Photography was 99.192 in the year 2000 and 74.202 in 2018:

74.202 / 99.192 * $20 = $14.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $14.96 in 2018 (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.

» Read more about inflation and investment.