According to the U.S. Bureau of Labor Statistics, prices for financial services were 2.21% higher in 2021 versus 2017 (a $11.04 difference in value).
Between 2017 and 2021: Financial services experienced an average inflation rate of 0.55% per year. In other words, financial services costing $500 in the year 2017 would cost $511.04 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.64% during this same period, inflation for financial services was lower.
In the year 2017: Pricing changed by 3.67%, which is significantly above the average yearly change for financial services during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services:
Below are calculations of equivalent buying power for Financial services, over time, for $500 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|