According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 34.60% lower in 2000 versus 2017.
Between 2000 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.53% per year. In other words, owners' equivalent rent of residences costing $20 in the year 2000 would cost $30.58 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 2000: Pricing changed by 2.89%, above the average yearly change for owners' equivalent rent of residences during the 2000-2017 time period. Compared to overall inflation for all items in 2000 (3.27%), 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: