According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 27.49% higher in 2018 versus 2007.
Between 2007 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.23% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 2007 would cost $25.50 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for tenants' and household insurance was similar.
In the year 2007: Pricing changed by 0.45%, below the average yearly change for tenants' and household insurance during the 2007-2018 time period. Compared to inflation for all items in 2007 (2.85%), price inflation for tenants' and household insurance was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance: