According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 28.85% higher in 2018 versus 2007 (a $5.77 difference in value).
Between 2007 and 2018: Services less rent of shelter experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2007 would cost $25.77 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.75% during this same period, inflation for services less rent of shelter was higher.
In the year 2007: Pricing changed by 2.94%, which is above the average yearly change for services less rent of shelter during the 2007-2018 time period. Compared to inflation for all items in 2007 (2.85%), 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:
Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|