Financial services priced at $500 in 2017 $523.65 in 2018

Historical Price Inflation for Financial services

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Prices for Financial Services, 2017-2018 ($500)

According to the U.S. Bureau of Labor Statistics, prices for financial services were 4.73% higher in 2018 versus 2017 (a $23.65 difference in value).

Between 2017 and 2018: Financial services experienced an average inflation rate of 4.73% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 2017 would cost $523.65 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for financial services was higher.

In the year 2017: Pricing changed by 3.67%, which is below the average yearly change for financial services during the 2017-2018 time period. Compared to inflation for all items in 2017 (2.13%), inflation for financial services was higher.

Price Inflation for Financial services since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1994 (8.56%), 1991 (8.26%), and 1990 (7.30%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services:

Year 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 101.731 108.485 115.100 123.508 133.715 141.469 149.631 162.438 172.823 182.569 191.723 198.985 206.392 215.677 224.308 232.715 239.523 247.369 252.315 259.762 268.183 274.571 261.039 267.673 275.023 290.091 297.897 304.702 317.571 329.823 341.917 358.091

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Buying power of $500 since 2017

Below are calculations of equivalent buying power for Financial services, over time, for $500 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2017 $500.00 3.67%
2018 $523.65 4.73%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for financial services, 2017-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2017 * 2017 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Financial services was 341.917 in the year 2017 and 358.091 in 2018:

358.091 / 341.917 * $500 = $523.65

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2017 has the same "purchasing power" as $523.65 in 2018 (in the CPI category of Financial services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Financial services in 1986. In addition to financial services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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