Other personal services priced at $20 in 2016 $21.18 in 2018

Historical Price Inflation for Other personal services

$

Prices for Other Personal Services, 2016-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other personal services were 5.91% higher in 2018 versus 2016 (a $1.18 difference in value).

Between 2016 and 2018: Other personal services experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, other personal services costing $20 in the year 2016 would cost $21.18 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.29% during this same period, inflation for other personal services was higher.

In the year 2016: Pricing changed by 2.81%, which is below the average yearly change for other personal services during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), inflation for other personal services was higher.

Price Inflation for Other personal services since 2010

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2018 (3.32%), 2016 (2.81%), and 2017 (2.51%).

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

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 101.164 102.926 105.254 107.646 109.570 112.145 115.300 118.192 122.113

View price changes for other categories
Phoenix, Arizona · Jewelry · Hospital services · College tuition and fees · More

Buying power of $20 since 2016

Below are calculations of equivalent buying power for Other personal services, over time, for $20 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
2016 $20.00 2.81%
2017 $20.50 2.51%
2018 $21.18 3.32%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other personal services, 2016-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2016 * 2016 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Other personal services was 115.300 in the year 2016 and 122.113 in 2018:

122.113 / 115.300 * $20 = $21.18

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $21.18 in 2018 (in the CPI category of Other personal services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other personal services in 2010. In addition to other personal services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.