According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 8.54% lower in 2014 versus 2017.
Between 2014 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 3.02% per year. In other words, owners' equivalent rent of residences costing $20 in the year 2014 would cost $21.87 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.10% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 2014: Pricing changed by 2.57%, below the average yearly change for owners' equivalent rent of residences during the 2014-2017 time period. Compared to overall inflation for all items in 2014 (1.60%), 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: