Services less rent of shelter price history from 1993 through 2018

Historical Price Inflation for Services less rent of shelter

Prices for Services Less Rent Of Shelter, 1993-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 103.85% higher in 2018 versus 1993 (a $20.77 difference in value).

Between 1993 and 2018: Services less rent of shelter experienced an average inflation rate of 2.89% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1993 would cost $40.77 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for services less rent of shelter was higher.

In the year 1993: Pricing changed by 4.61%, which is above the average yearly change for services less rent of shelter during the 1993-2018 time period. Compared to inflation for all items in 1993 (2.95%), inflation for services less rent of shelter was higher.

Price Inflation for Services less rent of shelter since 1982

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1991 (5.73%), 1990 (5.64%), and 1984 (5.48%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter:

Year	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
CPI	100.000	102.862	108.500	113.531	118.692	123.062	128.323	135.123	142.738	150.923	157.554	164.823	170.669	176.769	182.515	188.077	191.754	195.838	202.931	212.292	217.523	226.415	233.538	243.185	253.323	260.764	273.000	278.064	284.368	290.554	296.561	304.050	311.188	315.790	322.763	329.294	335.994

View price changes for other categories
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Buying power of $20 since 1993

Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1993	$20.00	4.61%
1994	$20.71	3.55%
1995	$21.45	3.57%
1996	$22.15	3.25%
1997	$22.82	3.05%
1998	$23.27	1.96%
1999	$23.76	2.13%
2000	$24.62	3.62%
2001	$25.76	4.61%
2002	$26.39	2.46%
2003	$27.47	4.09%
2004	$28.34	3.15%
2005	$29.51	4.13%
2006	$30.74	4.17%
2007	$31.64	2.94%
2008	$33.13	4.69%
2009	$33.74	1.86%
2010	$34.51	2.27%
2011	$35.26	2.18%
2012	$35.99	2.07%
2013	$36.89	2.53%
2014	$37.76	2.35%
2015	$38.32	1.48%
2016	$39.16	2.21%
2017	$39.96	2.02%
2018	$40.77	2.03%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for services less rent of shelter, 1993-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1993 * 1993 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Services less rent of shelter was 164.823 in the year 1993 and 335.994 in 2018:

335.994 / 164.823 * $20 = $40.77

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1993 has the same "purchasing power" as $40.77 in 2018 (in the CPI category of Services less rent of shelter).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services less rent of shelter in 1982. In addition to services less rent of shelter, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.