Financial services priced at $500 in 2008 $799.44 in 2024

Financial Services Inflation Calculator

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Prices for Financial Services, 2008-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices for financial services are 59.89% higher in 2024 versus 2008 (a $299.44 difference in value).

Between 2008 and 2024: Financial services experienced an average inflation rate of 2.98% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 2008 would cost $799.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.34% during this same period, inflation for financial services was higher.

In the year 2008: Pricing changed by 2.38%, which is below the average yearly change for financial services during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), inflation for financial services was lower.

Price Inflation for Financial services since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1994 (8.56%), 1991 (8.26%), and 1990 (7.30%).

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Buying power of $500.00 since 2008

Below are calculations of equivalent buying power for Financial services, over time, for $500 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$500.002.38%
2009$475.36-4.93%
2010$487.442.54%
2011$500.822.75%
2012$528.265.48%
2013$542.482.69%
2014$554.872.28%
2015$578.304.22%
2016$600.623.86%
2017$622.643.67%
2018$652.984.87%
2019$663.291.58%
2020$673.211.50%
2021$674.120.14%
2022$713.105.78%
2023$764.127.15%
2024$799.444.62%*

* 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 Financial services:

Year198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.731108.485115.100123.508133.715141.469149.631162.438172.823182.569191.723198.985206.392215.677224.308232.715239.523247.369252.315259.762268.183274.571261.039267.673275.023290.091297.897304.702317.571329.823341.917358.577364.240369.687370.186391.594419.612439.007

Adjust financial services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2008 * 2008 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Financial services was 274.571 in the year 2008 and 439.007 in 2024:

439.007 / 274.571 * $500 = $799.44

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2008 has the same "purchasing power" as $799.44 in 2024 (in the CPI category of Financial services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Financial services in 1986. In addition to financial 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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