According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 27.60% lower in 2003 versus 2017.
Between 2003 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.33% per year. In other words, owners' equivalent rent of residences costing $20 in the year 2003 would cost $27.62 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 2003: Pricing changed by 2.37%, above the average yearly change for owners' equivalent rent of residences during the 2003-2017 time period. Compared to overall inflation for all items in 2003 (2.22%), 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: