Owners' equivalent rent of residences priced at $20 in 2007 $24.67 in 2017

Historical Price Inflation for Owners' equivalent rent of residences

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Prices for Owners' Equivalent Rent Of Residences, 2007-2017 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 18.94% lower in 2007 versus 2017.

Between 2007 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.12% per year. In other words, owners' equivalent rent of residences costing $20 in the year 2007 would cost $24.67 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.67% during this same period, owners' equivalent rent of residences inflation was similar.

In the year 2007: Pricing changed by 3.27%, above the average yearly change for owners' equivalent rent of residences during the 2007-2017 time period. Compared to overall inflation for all items in 2007 (2.77%), price inflation for owners' equivalent rent of residences was higher.

Price Inflation for Owners' equivalent rent of residences since 1982

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1986 (5.21%), 1985 (5.17%), and 1990 (5.11%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences:

Year 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
CPI 100.000 102.492 107.308 113.162 119.385 124.823 131.123 137.400 144.800 150.423 155.523 160.515 165.785 171.331 176.777 181.892 187.800 192.923 198.662 206.285 214.700 219.923 224.923 230.154 238.177 246.235 252.426 256.610 256.584 259.570 264.838 270.685 277.832 285.926 295.365 303.763

View price changes for other categories
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How to calculate the inflation rate for owners' equivalent rent of residences, 2007-2017

Start with the inflation rate formula:

CPI in 2017 / CPI in 2007 * 2007 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 246.235 in the year 2007 and 303.763 in 2017:

303.763 / 246.235 * $20 = $24.67

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2007 has the same "purchasing power" as $24.67 in 2017 (in the category of Owners' equivalent rent of residences).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Owners' equivalent rent of residences in 1982. In addition to owners' equivalent rent of residences, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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