According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 14.77% higher in 2018 versus 2012 (a $2.95 difference in value).
Between 2012 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.32% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 2012 would cost $22.95 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for tenants' and household insurance was higher.
In the year 2012: Pricing changed by 3.06%, which is above the average yearly change for tenants' and household insurance during the 2012-2018 time period. Compared to inflation for all items in 2012 (2.07%), inflation for tenants' and household insurance was higher.
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 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|