Domestic services price inflation, 2008→2023

Domestic Services Inflation Calculator

Prices for Domestic Services, 2008-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services are 43.58% higher in 2023 versus 2008 (a $8.72 difference in value).

Between 2008 and 2023: Domestic services experienced an average inflation rate of 2.44% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2008 would cost $28.72 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.24% during this same period, inflation for domestic services was higher.

In the year 2008: Pricing changed by 3.40%, which is above the average yearly change for domestic services during the 2008-2023 time period. Compared to inflation for all items in 2008 (3.84%), inflation for domestic services was lower.

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 (6.34%), and 2000 (4.58%).

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Buying power of $20.00 since 2008

Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2008	$20.00	3.40%
2009	$20.19	0.93%
2010	$20.23	0.21%
2011	$20.37	0.70%
2012	$20.65	1.38%
2013	$21.03	1.82%
2014	$21.53	2.41%
2015	$21.80	1.25%
2016	$22.03	1.06%
2017	$22.56	2.40%
2018	$23.22	2.93%
2019	$23.77	2.34%
2020	$24.45	2.89%
2021	$26.69	9.13%
2022	$28.38	6.34%
2023	$28.72	1.20%*

* 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
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	204.967

Adjust domestic services prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2008 * 2008 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Domestic services was 142.756 in the year 2008 and 204.967 in 2023:

204.967 / 142.756 * $20 = $28.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $28.72 in 2023 (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.