According to the U.S. Bureau of Labor Statistics, prices for financial services were 196.66% higher in 2017 versus 1989.
Between 1989 and 2017: Financial services experienced an average inflation rate of 3.96% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1989 would cost $1,483.29 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for financial services was similar.
In the year 1989: Pricing changed by 6.10%, above the average yearly change for financial services during the 1989-2017 time period. Compared to inflation for all items in 1989 (4.83%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: