According to the U.S. Bureau of Labor Statistics, prices for financial services were 35.93% higher in 2019 versus 2010 (a $179.67 difference in value).
Between 2010 and 2019: Financial services experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 2010 would cost $679.67 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.75% during this same period, inflation for financial services was higher.
In the year 2010: Pricing changed by 2.54%, which is below the average yearly change for financial services during the 2010-2019 time period. Compared to inflation for all items in 2010 (1.64%), inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services:
Below are calculations of equivalent buying power for Financial services, over time, for $500 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|