According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 72.34% higher in 2017 versus 1996.
Between 1996 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1996 would cost $34.47 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.15% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 1996: Pricing changed by 3.18%, above the average yearly change for owners' equivalent rent of residences during the 1996-2017 time period. Compared to inflation for all items in 1996 (2.93%), 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: