Domestic services priced at $20 in 2018 $20.86 in 2020

Domestic Services Inflation Calculator


Prices for Domestic Services, 2018-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services were 4.28% higher in 2020 versus 2018 (a $0.86 difference in value).

Between 2018 and 2020: Domestic services experienced an average inflation rate of 2.12% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2018 would cost $20.86 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.46% during this same period, inflation for domestic services was higher.

Price Inflation for Domestic services since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (2.34%), and 2020 (1.90%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestic services:

Year 2018 2019 2020
CPI 165.755 169.632 172.850

View price changes for other categories
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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $20.00 -
2019 $20.47 2.34%
2020 $20.86 1.90%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for domestic services, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Domestic services was 165.755 in the year 2018 and 172.850 in 2020:

172.850 / 165.755 * $20 = $20.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.86 in 2020 (in the CPI category of Domestic services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Domestic services in 2018. In addition to domestic services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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