According to the U.S. Bureau of Labor Statistics, prices for domestic services are 22% higher in 2023 versus 2020 (a $4.40 difference in value).
Between 2020 and 2023: Domestic services experienced an average inflation rate of 6.85% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2020 would cost $24.40 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for domestic services was higher.
In the year 2020: Pricing changed by 2.89%, which is significantly below the average yearly change for domestic services during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for domestic services was higher.
Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 2.89% |
| 2021 | $21.83 | 9.13% |
| 2022 | $23.21 | 6.34% |
| 2023 | $24.40 | 5.13%* |
* 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 | 212.942 |