According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 31.21% higher in 2018 versus 2006 (a $6.24 difference in value).
Between 2006 and 2018: Owners' equivalent rent of residences experienced an average inflation rate of 2.29% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2006 would cost $26.24 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.84% during this same period, inflation for owners' equivalent rent of residences was higher.
In the year 2006: Pricing changed by 3.49%, which is above the average yearly change for owners' equivalent rent of residences during the 2006-2018 time period. Compared to inflation for all items in 2006 (3.23%), 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:
Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|