Domestic services priced at $20 in 2015 $21.26 in 2018

Historical Price Inflation for Domestic services

$

Prices for Domestic Services, 2015-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services were 6.30% higher in 2018 versus 2015 (a $1.26 difference in value).

Between 2015 and 2018: Domestic services experienced an average inflation rate of 2.06% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2015 would cost $21.26 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.94% during this same period, inflation for domestic services was higher.

In the year 2015: Pricing changed by 1.25%, which is below the average yearly change for domestic services during the 2015-2018 time period. Compared to inflation for all items in 2015 (0.12%), inflation for domestic services was higher.

Price Inflation for Domestic services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (4.58%), 2002 (3.91%), and 2001 (3.83%).

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

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 101.708 104.877 109.677 113.877 118.331 121.315 123.831 128.277 133.115 138.059 142.756 144.081 144.386 145.390 147.399 150.075 153.693 155.614 157.267 161.038 165.425

View price changes for other categories
Fish and seafood · Dallas-Fort Worth, Texas · New York · Rent of primary residence · More

Buying power of $20 since 2015

Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2015 $20.00 1.25%
2016 $20.21 1.06%
2017 $20.70 2.40%
2018 $21.26 2.72%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for domestic services, 2015-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2015 * 2015 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Domestic services was 155.614 in the year 2015 and 165.425 in 2018:

165.425 / 155.614 * $20 = $21.26

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2015 has the same "purchasing power" as $21.26 in 2018 (in the CPI category of Domestic services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Domestic services in 1997. In addition to domestic services, 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.