According to the U.S. Bureau of Labor Statistics, prices for funeral expenses were 7.54% higher in 2019 versus 2015 (a $1.51 difference in value).
Between 2015 and 2019: Funeral expenses experienced an average inflation rate of 1.83% per year. In other words, funeral expenses costing $20 in the year 2015 would cost $21.51 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.88% during this same period, inflation for funeral expenses was lower.
In the year 2015: Pricing changed by 2.14%, which is above the average yearly change for funeral expenses during the 2015-2019 time period. Compared to inflation for all items in 2015 (0.12%), inflation for funeral expenses was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Funeral expenses:
Year | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
CPI | 100.000 | 102.523 | 106.562 | 111.331 | 118.300 | 125.700 | 131.492 | 137.723 | 144.685 | 153.392 | 161.185 | 169.877 | 176.523 | 182.669 | 187.838 | 194.569 | 204.108 | 212.131 | 221.338 | 228.815 | 240.554 | 252.567 | 265.372 | 275.684 | 282.011 | 288.272 | 293.768 | 301.641 | 307.095 | 313.676 | 319.442 | 325.593 | 331.738 | 337.331 |
Below are calculations of equivalent buying power for Funeral expenses, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2015 | $20.00 | 2.14% |
2016 | $20.37 | 1.84% |
2017 | $20.76 | 1.93% |
2018 | $21.15 | 1.89% |
2019 | $21.51 | 1.69%* |