According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 42.97% higher in 2018 versus 2004.
Between 2004 and 2018: Services less rent of shelter experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2004 would cost $28.59 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.99% during this same period, inflation for services less rent of shelter was similar.
In the year 2004: Pricing changed by 3.15%, above the average yearly change for services less rent of shelter during the 2004-2018 time period. Compared to inflation for all items in 2004 (2.68%), 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: