According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 2.76% lower in 2016 versus 2017.
Owners' equivalent rent of residences experienced an average inflation rate of 2.84% per year between 2016 and 2017. In other words, owners' equivalent rent of residences costing $20 in the year 2016 would cost $20.57 in 2017 for an equivalent purchase.
Pricing changed by 3.20% in 2016, above the yearly average change for owners' equivalent rent of residences during the 2016-2017 time period. Compared to overall inflation for all items in 2016 (1.25%), 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: