According to the U.S. Bureau of Labor Statistics, prices for domestic services were 2.08% higher in 2019 versus 2018 (a $0.42 difference in value).
Between 2018 and 2019: Domestic services experienced an average inflation rate of 2.08% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2018 would cost $20.42 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.70% during this same period, inflation for domestic services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestic services:
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|