Domestic services priced at $20 in 2013 $23.26 in 2020

Domestic Services Inflation Calculator

$

Prices for Domestic Services, 2013-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services were 16.30% higher in 2020 versus 2013 (a $3.26 difference in value).

Between 2013 and 2020: Domestic services experienced an average inflation rate of 2.18% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2013 would cost $23.26 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for domestic services was higher.

In the year 2013: Pricing changed by 1.82%, which is below the average yearly change for domestic services during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), 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: 2000 (4.58%), 2002 (3.91%), and 2001 (3.83%).

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
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

View price changes for other categories
Bread · Philadelphia, Pennsylvania · Baby food · Women's apparel · More

Buying power of $20 since 2013

Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2013 $20.00 1.82%
2014 $20.48 2.41%
2015 $20.74 1.25%
2016 $20.96 1.06%
2017 $21.46 2.40%
2018 $22.09 2.93%
2019 $22.61 2.34%
2020 $23.26 2.89%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for domestic services, 2013-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2013 * 2013 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Domestic services was 150.075 in the year 2013 and 174.542 in 2020:

174.542 / 150.075 * $20 = $23.26

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2013 has the same "purchasing power" as $23.26 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 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.

» Read more about inflation and investment.