According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 47.16% lower in 1993 versus 2017.
Owners' equivalent rent of residences experienced an average inflation rate of 2.69% per year between 1993 and 2017. In other words, owners' equivalent rent of residences costing $20 in the year 1993 would cost $37.85 in 2017 for an equivalent purchase.
Pricing changed by 3.11% in 1993, above the yearly average change for owners' equivalent rent of residences during the 1993-2017 time period. Compared to overall inflation for all items in 1993 (2.87%), 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: