According to the U.S. Bureau of Labor Statistics, prices for domestic services are 120.38% higher in 2024 versus 1998 (a $24.08 difference in value).
Between 1998 and 2024: Domestic services experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 1998 would cost $44.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for domestic services was higher.
In the year 1998: Pricing changed by 1.71%, which is below the average yearly change for domestic services during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for domestic services was higher.
Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 1.71% |
| 1999 | $20.62 | 3.12% |
| 2000 | $21.57 | 4.58% |
| 2001 | $22.39 | 3.83% |
| 2002 | $23.27 | 3.91% |
| 2003 | $23.86 | 2.52% |
| 2004 | $24.35 | 2.07% |
| 2005 | $25.22 | 3.59% |
| 2006 | $26.18 | 3.77% |
| 2007 | $27.15 | 3.71% |
| 2008 | $28.07 | 3.40% |
| 2009 | $28.33 | 0.93% |
| 2010 | $28.39 | 0.21% |
| 2011 | $28.59 | 0.70% |
| 2012 | $28.98 | 1.38% |
| 2013 | $29.51 | 1.82% |
| 2014 | $30.22 | 2.41% |
| 2015 | $30.60 | 1.25% |
| 2016 | $30.93 | 1.06% |
| 2017 | $31.67 | 2.40% |
| 2018 | $32.59 | 2.93% |
| 2019 | $33.36 | 2.34% |
| 2020 | $34.32 | 2.89% |
| 2021 | $37.46 | 9.13% |
| 2022 | $39.83 | 6.34% |
| 2023 | $41.90 | 5.19% |
| 2024 | $44.08 | 5.20%* |
* 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 101.708 | 104.877 | 109.677 | 113.877 | 118.331 | 121.315 | 123.831 | 128.277 | 133.115 | 138.059 | 142.756 | 144.081 | 144.386 | 145.390 | 147.399 | 150.075 | 153.693 | 155.614 | 157.267 | 161.038 | 165.755 | 169.632 | 174.542 | 190.475 | 202.545 | 213.054 | 224.142 |