According to the U.S. Bureau of Labor Statistics, prices for financial services were 72.75% higher in 2018 versus 1998.
Between 1998 and 2018: Financial services experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1998 would cost $863.74 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.14% 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 1998-2018 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: