According to the U.S. Bureau of Labor Statistics, prices for legal services are 150.96% higher in 2024 versus 1999 (a $15,096.44 difference in value).
Between 1999 and 2024: Legal services experienced an average inflation rate of 3.75% per year. This rate of change indicates significant inflation. In other words, legal services costing $10,000 in the year 1999 would cost $25,096.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for legal services was higher.
In the year 1999: Pricing changed by 4.84%, which is above the average yearly change for legal services during the 1999-2024 time period. Compared to inflation for all items in 1999 (2.19%), inflation for legal services was higher.
Below are calculations of equivalent buying power for Legal services, over time, for $10,000 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1999 | $10,000.00 | 4.84% |
2000 | $10,520.15 | 5.20% |
2001 | $11,083.04 | 5.35% |
2002 | $11,726.72 | 5.81% |
2003 | $12,318.67 | 5.05% |
2004 | $12,905.07 | 4.76% |
2005 | $13,432.49 | 4.09% |
2006 | $13,891.10 | 3.41% |
2007 | $14,461.48 | 4.11% |
2008 | $15,042.26 | 4.02% |
2009 | $15,454.55 | 2.74% |
2010 | $16,009.27 | 3.59% |
2011 | $16,525.86 | 3.23% |
2012 | $16,861.31 | 2.03% |
2013 | $17,325.39 | 2.75% |
2014 | $17,696.29 | 2.14% |
2015 | $17,977.74 | 1.59% |
2016 | $18,584.51 | 3.38% |
2017 | $19,246.43 | 3.56% |
2018 | $20,071.71 | 4.29% |
2019 | $20,266.69 | 0.97% |
2020 | $20,487.14 | 1.09% |
2021 | $20,801.60 | 1.53% |
2022 | $22,171.16 | 6.58% |
2023 | $23,552.15 | 6.23% |
2024 | $25,096.44 | 6.56%* |
* 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 Legal services:
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 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 103.438 | 107.662 | 114.115 | 122.562 | 129.577 | 136.215 | 141.954 | 146.762 | 151.631 | 157.085 | 163.823 | 171.669 | 179.977 | 189.338 | 199.469 | 211.054 | 221.708 | 232.262 | 241.754 | 250.008 | 260.273 | 270.726 | 278.146 | 288.130 | 297.427 | 303.465 | 311.817 | 318.492 | 323.558 | 334.478 | 346.391 | 361.244 | 364.754 | 368.721 | 374.381 | 399.030 | 423.884 | 451.678 |