Legal services priced at $10,000 in 2021 $10,879.31 in 2023

Legal Services Inflation Calculator


Prices for Legal Services, 2021-2023 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for legal services are 8.79% higher in 2023 versus 2021 (a $879.31 difference in value).

Between 2021 and 2023: Legal services experienced an average inflation rate of 4.30% per year. This rate of change indicates significant inflation. In other words, legal services costing $10,000 in the year 2021 would cost $10,879.31 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.22% during this same period, inflation for legal services was lower.

In the year 2021: Pricing changed by 1.53%, which is below the average yearly change for legal services during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for legal services was much lower.

Price Inflation for Legal services since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (7.40%), 2022 (6.58%), and 1989 (5.99%).

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Buying power of $10,000.00 since 2021

Below are calculations of equivalent buying power for Legal services, over time, for $10,000 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust legal services prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Legal services was 374.381 in the year 2021 and 407.300 in 2023:

407.300 / 374.381 * $10,000 = $10,879.31

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 2021 has the same "purchasing power" as $10,879.31 in 2023 (in the CPI category of Legal services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Legal services in 1986. In addition to legal services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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