According to the U.S. Bureau of Labor Statistics, prices for financial services were 128.20% higher in 2017 versus 1993.
Between 1993 and 2017: Financial services experienced an average inflation rate of 3.50% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1993 would cost $1,140.99 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for financial services was similar.
In the year 1993: Pricing changed by 5.77%, above the average yearly change for financial services during the 1993-2017 time period. Compared to inflation for all items in 1993 (2.95%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: