According to the U.S. Bureau of Labor Statistics, prices for legal services are 20.65% higher in 2024 versus 2021 (a $2,064.67 difference in value).
Between 2021 and 2024: Legal services experienced an average inflation rate of 6.46% per year. This rate of change indicates significant inflation. In other words, legal services costing $10,000 in the year 2021 would cost $12,064.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.96% during this same period, inflation for legal services was higher.
In the year 2021: Pricing changed by 1.53%, which is significantly below the average yearly change for legal services during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for legal services was much lower.
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:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2021 | $10,000.00 | 1.53% |
| 2022 | $10,658.39 | 6.58% |
| 2023 | $11,322.27 | 6.23% |
| 2024 | $12,064.67 | 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 |