According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 183.90% higher in 2017 versus 1984.
Between 1984 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 3.21% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1984 would cost $56.78 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 1984: Pricing changed by 4.70%, above the average yearly change for owners' equivalent rent of residences during the 1984-2017 time period. Compared to inflation for all items in 1984 (4.30%), price inflation for owners' equivalent rent of residences was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences: