According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 12.59% higher in 2018 versus 2012.
Between 2012 and 2018: Services less rent of shelter experienced an average inflation rate of 2% per year. In other words, services less rent of shelter costing $20 in the year 2012 would cost $22.52 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.35% during this same period, inflation for services less rent of shelter was similar.
In the year 2012: Pricing changed by 2.07%, above the average yearly change for services less rent of shelter during the 2012-2018 time period. Compared to inflation for all items in 2012 (2.07%), 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: