According to the U.S. Bureau of Labor Statistics, prices for moving, storage, freight expense were 6.90% higher in 2018 versus 2016 (a $13.79 difference in value).
Between 2016 and 2018: Moving expenses experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, moving expenses costing $200 in the year 2016 would cost $213.79 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.28% during this same period, inflation for moving expenses was higher.
In the year 2016: Pricing changed by 10.12%, which is significantly above the average yearly change for moving expenses during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), inflation for moving expenses was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Moving, storage, freight expense:
Below are calculations of equivalent buying power for Moving expenses, over time, for $200 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|