According to the U.S. Bureau of Labor Statistics, prices for financial services were 214.75% higher in 2017 versus 1988.
Between 1988 and 2017: Financial services experienced an average inflation rate of 4.03% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1988 would cost $1,573.74 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for financial services was similar.
In the year 1988: Pricing changed by 6.64%, above the average yearly change for financial services during the 1988-2017 time period. Compared to inflation for all items in 1988 (4.08%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: