According to the U.S. Bureau of Labor Statistics, prices for funeral expenses were 1.24% higher in 2020 versus 2019 (a $0.25 difference in value).
Between 2019 and 2020: Funeral expenses experienced an average inflation rate of 1.24% per year. In other words, funeral expenses costing $20 in the year 2019 would cost $20.25 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.72% during this same period, inflation for funeral expenses was higher.
In the year 2019: Pricing changed by 1.86%, which is above the average yearly change for funeral expenses during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|