Funeral expenses priced at $20 in 1987 $65.68 in 2019

Historical Price Inflation for Funeral expenses

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Prices for Funeral Expenses, 1987-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for funeral expenses were 228.42% higher in 2019 versus 1987 (a $45.68 difference in value).

Between 1987 and 2019: Funeral expenses experienced an average inflation rate of 3.79% per year. This rate of change indicates significant inflation. In other words, funeral expenses costing $20 in the year 1987 would cost $65.68 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for funeral expenses was higher.

In the year 1987: Pricing changed by 2.52%, which is below the average yearly change for funeral expenses during the 1987-2019 time period. Compared to inflation for all items in 1987 (3.66%), inflation for funeral expenses was lower.

Price Inflation for Funeral expenses since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (6.26%), 1991 (6.26%), and 1995 (6.02%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Funeral expenses:

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 2019
CPI 100.000 102.523 106.562 111.331 118.300 125.700 131.492 137.723 144.685 153.392 161.185 169.877 176.523 182.669 187.838 194.569 204.108 212.131 221.338 228.815 240.554 252.567 265.372 275.684 282.011 288.272 293.768 301.641 307.095 313.676 319.442 325.593 331.738 336.702

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Buying power of $20 since 1987

Below are calculations of equivalent buying power for Funeral expenses, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1987 $20.00 2.52%
1988 $20.79 3.94%
1989 $21.72 4.48%
1990 $23.08 6.26%
1991 $24.52 6.26%
1992 $25.65 4.61%
1993 $26.87 4.74%
1994 $28.22 5.05%
1995 $29.92 6.02%
1996 $31.44 5.08%
1997 $33.14 5.39%
1998 $34.44 3.91%
1999 $35.63 3.48%
2000 $36.64 2.83%
2001 $37.96 3.58%
2002 $39.82 4.90%
2003 $41.38 3.93%
2004 $43.18 4.34%
2005 $44.64 3.38%
2006 $46.93 5.13%
2007 $49.27 4.99%
2008 $51.77 5.07%
2009 $53.78 3.89%
2010 $55.01 2.29%
2011 $56.24 2.22%
2012 $57.31 1.91%
2013 $58.84 2.68%
2014 $59.91 1.81%
2015 $61.19 2.14%
2016 $62.32 1.84%
2017 $63.52 1.93%
2018 $64.71 1.89%
2019 $65.68 1.50%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for funeral expenses, 1987-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 1987 * 1987 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Funeral expenses was 102.523 in the year 1987 and 336.702 in 2019:

336.702 / 102.523 * $20 = $65.68

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $65.68 in 2019 (in the CPI category of Funeral expenses).


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

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