According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 224.60% higher in 2018 versus 1983.
Between 1983 and 2018: Services less rent of shelter experienced an average inflation rate of 3.42% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1983 would cost $64.92 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.65% during this same period, inflation for services less rent of shelter was similar.
In the year 1983: Pricing changed by 2.86%, below the average yearly change for services less rent of shelter during the 1983-2018 time period. Compared to inflation for all items in 1983 (3.21%), price inflation for services less rent of shelter was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter: