According to the U.S. Bureau of Labor Statistics, prices for domestic services were 2.57% higher in 2018 versus 2017 (a $0.51 difference in value).
Between 2017 and 2018: Domestic services experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2017 would cost $20.51 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for domestic services was higher.
In the year 2017: Pricing changed by 2.40%, which is below the average yearly change for domestic services during the 2017-2018 time period. Compared to inflation for all items in 2017 (2.13%), inflation for domestic services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestic services:
Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|