According to the U.S. Bureau of Labor Statistics, prices for moving, storage, freight expense were 53.02% higher in 2017 versus 1998.
Between 1998 and 2017: Moving expenses experienced an average inflation rate of 2.26% per year. This rate of change indicates significant inflation. In other words, moving expenses costing $200 in the year 1998 would cost $306.05 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for moving expenses was similar.
In the year 1998: Pricing changed by 2.18%, below the average yearly change for moving expenses during the 1998-2017 time period. Compared to inflation for all items in 1998 (1.55%), price inflation for moving expenses was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Moving, storage, freight expense: