According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 54.77% lower in 1989 versus 2017.
Between 1989 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.87% per year. In other words, owners' equivalent rent of residences costing $20 in the year 1989 would cost $44.22 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 1989: Pricing changed by 4.57%, above the average yearly change for owners' equivalent rent of residences during the 1989-2017 time period. Compared to overall inflation for all items in 1989 (4.60%), price inflation for owners' equivalent rent of residences was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences: