According to the U.S. Bureau of Labor Statistics, prices for funeral expenses were 9.79% higher in 2019 versus 2014 (a $1.96 difference in value).
Between 2014 and 2019: Funeral expenses experienced an average inflation rate of 1.88% per year. In other words, funeral expenses costing $20 in the year 2014 would cost $21.96 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for funeral expenses was higher.
In the year 2014: Pricing changed by 1.81%, which is below the average yearly change for funeral expenses during the 2014-2019 time period. Compared to inflation for all items in 2014 (1.62%), inflation for funeral expenses was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Funeral expenses:
Below are calculations of equivalent buying power for Funeral expenses, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|