According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 20.69% higher in 2017 versus 2008.
Between 2008 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2008 would cost $24.14 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 2008: Pricing changed by 2.51%, above the average yearly change for owners' equivalent rent of residences during the 2008-2017 time period. Compared to inflation for all items in 2008 (3.84%), 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: