Pianotech

  • 1.  Are you keeping up with inflation?

    Registered Piano Technician
    Posted an hour ago

    Question:  If you were charging $200 for a basic tuning appointment in 2016, what would you have to charge today to keep up with inflation?


    To match the standard U.S. Consumer Price Index (CPI) cumulative inflation rate of approximately 39.1% between 2016 and 2026, you would need to charge 
    $278.26 today.

    Pricing Metric

    Inflation Index

    2026 Equivalent Rate

    Standard CPI (All Items)

    39.1% cumulative

    $278.26

    Core CPI (Excluding Food & Energy)

    ~35.4% cumulative

    $270.74

    Market-Rounded Rate

    Adjusted for standard service fee increments

    $275.00 -$280.00


    • Regional Variance:
      In major metropolitan areas with higher growth in housing and labor costs, local inflation over the same 10-year period often averages closer to 45%- 50%, which would translate to a target rate between $290.00 and $300.00.
    • Operational Expense Shifts: Transport, fuel, equipment, and insurance costs have increased at rates slightly higher than general inflation, making $275 to $300 a realistic benchmark to preserve your 2016 profit margins.



    ------------------------------
    David Love RPT
    www.davidlovepianos.com
    davidlovepianos@comcast.net
    415 407 8320
    ------------------------------



  • 2.  RE: Are you keeping up with inflation?

    Posted an hour ago

    Nice breakdown. Looks pretty on point to me.  A see a lot folks (piano teachers included) trapping themselves from hitting their mark if they don't gradually go up a minimum 5% every year with the rest of the world.  We know our prices and have then memorized, but the average consumer doesn't and is already expecting prices to go up every year, or at least won't be surprised if they do go up. (That is if they even notice at all).  



    ------------------------------
    Matthew Walworth
    A.M.O. Pianos
    Lebanon, TN 37087

    Nashvillepianotuning.com
    ------------------------------