According to the U.S. Bureau of Labor Statistics, prices for financial services were 71.60% higher in 2017 versus 1998.
Between 1998 and 2017: Financial services experienced an average inflation rate of 2.88% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1998 would cost $857.99 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for financial services was similar.
In the year 1998: Pricing changed by 3.79%, above the average yearly change for financial services during the 1998-2017 time period. Compared to inflation for all items in 1998 (1.55%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: