Funeral expenses priced at $20 in 2003 $35.24 in 2023

Funeral Expenses Inflation Calculator

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Prices for Funeral Expenses, 2003-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for funeral expenses are 76.18% higher in 2023 versus 2003 (a $15.24 difference in value).

Between 2003 and 2023: Funeral expenses experienced an average inflation rate of 2.87% per year. This rate of change indicates significant inflation. In other words, funeral expenses costing $20 in the year 2003 would cost $35.24 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for funeral expenses was higher.

In the year 2003: Pricing changed by 3.93%, which is above the average yearly change for funeral expenses during the 2003-2023 time period. Compared to inflation for all items in 2003 (2.27%), inflation for funeral expenses was higher.

Price Inflation for Funeral expenses since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (6.26%), 1991 (6.26%), and 1995 (6.02%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Funeral expenses, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.003.93%
2004$20.874.34%
2005$21.573.38%
2006$22.685.13%
2007$23.814.99%
2008$25.025.07%
2009$25.993.89%
2010$26.592.29%
2011$27.182.22%
2012$27.701.91%
2013$28.442.68%
2014$28.951.81%
2015$29.572.14%
2016$30.121.84%
2017$30.701.93%
2018$31.281.89%
2019$31.861.86%
2020$32.371.60%
2021$32.891.60%
2022$33.963.26%
2023$35.243.77%*

* 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 Funeral expenses:

Year19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000102.523106.562111.331118.300125.700131.492137.723144.685153.392161.185169.877176.523182.669187.838194.569204.108212.131221.338228.815240.554252.567265.372275.684282.011288.272293.768301.641307.095313.676319.442325.593331.738337.915343.322348.800360.161373.725

Adjust funeral expenses prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2003 * 2003 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Funeral expenses was 212.131 in the year 2003 and 373.725 in 2023:

373.725 / 212.131 * $20 = $35.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $35.24 in 2023 (in the CPI category of Funeral expenses).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Funeral expenses in 1986. In addition to funeral expenses, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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