According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 11.01% higher in 2018 versus 2013 (a $2.20 difference in value).
Between 2013 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 2013 would cost $22.20 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for tenants' and household insurance was higher.
In the year 2013: Pricing changed by 3.12%, which is above the average yearly change for tenants' and household insurance during the 2013-2018 time period. Compared to inflation for all items in 2013 (1.46%), 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 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|