According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 50.48% lower in 1991 versus 2017.
Between 1991 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.74% per year. In other words, owners' equivalent rent of residences costing $20 in the year 1991 would cost $40.39 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.28% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 1991: Pricing changed by 3.74%, above the average yearly change for owners' equivalent rent of residences during the 1991-2017 time period. Compared to overall inflation for all items in 1991 (4.06%), 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: