According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 14.91% higher in 2018 versus 2011.
Between 2011 and 2018: Services less rent of shelter experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2011 would cost $22.98 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for services less rent of shelter was similar.
In the year 2011: Pricing changed by 2.18%, above the average yearly change for services less rent of shelter during the 2011-2018 time period. Compared to inflation for all items in 2011 (3.16%), 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: