According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 171.32% higher in 2018 versus 1987.
Between 1987 and 2018: Services less rent of shelter experienced an average inflation rate of 3.27% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1987 would cost $54.26 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for services less rent of shelter was similar.
In the year 1987: Pricing changed by 3.68%, above the average yearly change for services less rent of shelter during the 1987-2018 time period. Compared to inflation for all items in 1987 (3.66%), price inflation for services less rent of shelter was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter: