According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 2.03% higher in 2018 versus 2017 (a $0.41 difference in value).
Between 2017 and 2018: Services less rent of shelter experienced an average inflation rate of 2.03% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2017 would cost $20.41 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for services less rent of shelter was lower.
In the year 2017: Pricing changed by 2.02%, which is below the average yearly change for services less rent of shelter during the 2017-2018 time period. Compared to inflation for all items in 2017 (2.13%), 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:
Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|