Photographers and photo processing priced at $20 in 1997 $27.05 in 2024

Photographers And Photo Processing Inflation Calculator

$

Prices for Photographers And Photo Processing, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for photographers and photo processing are 35.23% higher in 2024 versus 1997 (a $7.05 difference in value).

Between 1997 and 2024: Photographers and photo processing experienced an average inflation rate of 1.12% per year. In other words, photographers and photo processing costing $20 in the year 1997 would cost $27.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for photographers and photo processing was lower.

Price Inflation for Photographers and photo processing since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (5.97%), 2022 (4.79%), and 2009 (3.40%).

View price changes for other categories
College tuition and fees · Gasoline (all types) · San Francisco, California · Atlanta, Georgia · More

Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Photographers and photo processing, 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$20.100.50%
1999$20.190.45%
2000$20.521.61%
2001$20.721.00%
2002$21.001.33%
2003$21.120.59%
2004$21.160.17%
2005$21.06-0.44%
2006$21.070.01%
2007$21.100.14%
2008$21.431.59%
2009$22.163.40%
2010$22.380.98%
2011$23.053.02%
2012$23.471.83%
2013$23.711.01%
2014$24.222.18%
2015$24.501.13%
2016$25.032.15%
2017$24.79-0.94%
2018$24.47-1.30%
2019$24.01-1.89%
2020$24.341.39%
2021$24.741.63%
2022$25.924.79%
2023$27.475.97%
2024$27.05-1.55%*

* 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 Photographers and photo processing:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.500100.954102.577103.608104.985105.600105.777105.315105.331105.476107.149110.794111.878115.257117.365118.545121.124122.498125.134123.961122.353120.045121.708123.688129.611137.349135.225

Adjust photographers and photo processing prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Photographers and photo processing was 100.000 in the year 1997 and 135.225 in 2024:

135.225 / 100.000 * $20 = $27.05

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $27.05 in 2024 (in the CPI category of Photographers and photo processing).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Photographers and photo processing in 1997. In addition to photographers and photo processing, 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.