According to the U.S. Bureau of Labor Statistics, prices for legal services were 0.62% higher in 2020 versus 2019 (a $62.19 difference in value).
Between 2019 and 2020: Legal services experienced an average inflation rate of 0.62% per year. In other words, legal services costing $10,000 in the year 2019 would cost $10,062.19 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.90% during this same period, inflation for legal services was lower.
In the year 2019: Pricing changed by 0.97%, which is above the average yearly change for legal services during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for legal services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Legal services:
Below are calculations of equivalent buying power for Legal services, over time, for $10000 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|