According to the U.S. Bureau of Labor Statistics, prices for funeral expenses were 19.62% higher in 2019 versus 2010 (a $3.92 difference in value).
Between 2010 and 2019: Funeral expenses experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, funeral expenses costing $20 in the year 2010 would cost $23.92 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.77% during this same period, inflation for funeral expenses was higher.
In the year 2010: Pricing changed by 2.29%, which is above the average yearly change for funeral expenses during the 2010-2019 time period. Compared to inflation for all items in 2010 (1.64%), inflation for funeral expenses was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Funeral expenses:
Below are calculations of equivalent buying power for Funeral expenses, over time, for $20 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|