Domestic services inflation, 1997–2024

Prices are 122.93% higher than in 1997, according to the Bureau of Labor Statistics.

Domestic Services Inflation Calculator

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Prices for Domestic Services, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services are 122.93% higher in 2024 versus 1997 (a $24.59 difference in value).

Between 1997 and 2024, Domestic services experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 1997 would cost $44.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for domestic services was higher.

Price Inflation for Domestic services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (9.13%), 2022 (6.44%), and 2023 (5.83%).

The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.

View price changes for other categories
Wireless telephone services · Televisions · New cars · Milk · More

Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.341.71%
1999$20.983.11%
2000$21.944.58%
2001$22.783.83%
2002$23.673.92%
2003$24.262.52%
2004$24.772.07%
2005$25.663.59%
2006$26.623.77%
2007$27.613.71%
2008$28.553.40%
2009$28.820.93%
2010$28.880.21%
2011$29.080.70%
2012$29.481.38%
2013$30.011.82%
2014$30.742.41%
2015$31.131.26%
2016$31.451.03%
2017$32.162.27%
2018$33.153.08%
2019$33.932.34%
2020$34.912.89%
2021$38.099.13%
2022$40.556.44%
2023$42.915.83%
2024$44.593.90%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

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

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.708104.875109.675113.875118.333121.317123.833128.275133.117138.059142.756144.081144.386145.390147.399150.075153.693155.627157.230160.804165.755169.632174.542190.475202.736214.557222.933

Adjust domestic services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997* 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Domestic services was 100.000 in the year 1997 and 222.933 in 2024:

222.933 / 100.000* $20 = $44.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $44.59 in 2024 (in the CPI category of Domestic services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Domestic services in 1997. 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.