According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 121.73% higher in 2017 versus 1989.
Between 1989 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.88% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1989 would cost $44.35 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 1989: Pricing changed by 4.79%, above the average yearly change for owners' equivalent rent of residences during the 1989-2017 time period. Compared to inflation for all items in 1989 (4.83%), 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: