According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 26.77% higher in 2018 versus 2008 (a $5.35 difference in value).
Between 2008 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 2008 would cost $25.35 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.55% during this same period, inflation for tenants' and household insurance was higher.
In the year 2008: Pricing changed by 1.57%, which is below the average yearly change for tenants' and household insurance during the 2008-2018 time period. Compared to inflation for all items in 2008 (3.84%), 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:
Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|