According to the U.S. Bureau of Labor Statistics, prices for shelter were 124.20% higher in 2017 versus 1989 (a $12,419,747.51 difference in value).
Between 1989 and 2017: Shelter experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, shelter costing $10,000,000 in the year 1989 would cost $22,419,747.51 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for shelter was higher.
In the year 1989: Pricing changed by 4.52%, which is above the average yearly change for shelter during the 1989-2017 time period. Compared to inflation for all items in 1989 (4.83%), inflation for shelter was lower.
Below are calculations of equivalent buying power for Shelter, over time, for $10,000,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1989 | $10,000,000.00 | 4.52% |
1990 | $10,538,568.45 | 5.39% |
1991 | $11,012,277.04 | 4.49% |
1992 | $11,382,325.69 | 3.36% |
1993 | $11,723,998.15 | 3.00% |
1994 | $12,084,781.10 | 3.08% |
1995 | $12,473,361.13 | 3.22% |
1996 | $12,875,839.70 | 3.23% |
1997 | $13,270,789.90 | 3.07% |
1998 | $13,709,752.14 | 3.31% |
1999 | $14,097,753.07 | 2.83% |
2000 | $14,556,404.91 | 3.25% |
2001 | $15,099,027.10 | 3.73% |
2002 | $15,665,971.74 | 3.75% |
2003 | $16,044,127.87 | 2.41% |
2004 | $16,474,982.63 | 2.69% |
2005 | $16,895,413.48 | 2.55% |
2006 | $17,475,677.55 | 3.43% |
2007 | $18,114,072.27 | 3.65% |
2008 | $18,569,973.36 | 2.52% |
2009 | $18,772,324.53 | 1.09% |
2010 | $18,700,196.90 | -0.38% |
2011 | $18,944,840.17 | 1.31% |
2012 | $19,354,210.10 | 2.16% |
2013 | $19,803,827.89 | 2.32% |
2014 | $20,365,236.28 | 2.83% |
2015 | $20,989,315.50 | 3.06% |
2016 | $21,699,038.68 | 3.38% |
2017 | $22,419,747.51 | 3.32% |
2018 | $23,162,010.66 | 3.31% |
2019 | $23,944,255.27 | 3.38% |
2020 | $24,533,889.27 | 2.46% |
2021 | $25,188,035.67 | 2.67% |
2022 | $26,668,166.55 | 5.88% |
2023 | $28,656,213.81 | 7.45% |
2024 | $29,579,065.32 | 3.22%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Shelter:
Year | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 21.600 | 22.000 | 22.485 | 22.746 | 23.123 | 23.962 | 24.469 | 24.731 | 25.231 | 25.446 | 25.731 | 26.069 | 26.500 | 26.992 | 27.800 | 28.769 | 30.131 | 32.577 | 35.538 | 37.023 | 38.677 | 40.477 | 44.408 | 48.792 | 51.477 | 54.946 | 60.492 | 68.900 | 80.992 | 90.485 | 96.892 | 99.131 | 103.992 | 109.815 | 115.823 | 121.246 | 127.085 | 132.831 | 139.985 | 146.277 | 151.192 | 155.731 | 160.523 | 165.685 | 171.031 | 176.277 | 182.108 | 187.262 | 193.354 | 200.562 | 208.092 | 213.115 | 218.838 | 224.423 | 232.131 | 240.611 | 246.666 | 249.354 | 248.396 | 251.646 | 257.083 | 263.056 | 270.513 | 278.803 | 288.230 | 297.803 | 307.663 | 318.053 | 325.886 | 334.575 | 354.235 | 380.643 | 392.901 |