Domestic services priced at $20 in 2022 $22.21 in 2024

Domestic Services Inflation Calculator

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Prices for Domestic Services, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services are 11.05% higher in 2024 versus 2022 (a $2.21 difference in value).

Between 2022 and 2024: Domestic services experienced an average inflation rate of 5.38% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 2022 would cost $22.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.98% during this same period, inflation for domestic services was higher.

In the year 2022: Pricing changed by 6.34%, which is above the average yearly change for domestic services during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), 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 2024 (5.57%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Domestic services, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2022$20.006.34%
2023$21.045.19%
2024$22.215.57%*

* 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
CPI100.000101.708104.877109.677113.877118.331121.315123.831128.277133.115138.059142.756144.081144.386145.390147.399150.075153.693155.614157.267161.038165.755169.632174.542190.475202.545213.054224.917

Adjust domestic services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Domestic services was 202.545 in the year 2022 and 224.917 in 2024:

224.917 / 202.545 * $20 = $22.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $22.21 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.

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