According to the U.S. Bureau of Labor Statistics, prices for miscellaneous personal services are 183.22% higher in 2024 versus 1994 (a $36.64 difference in value).
Between 1994 and 2024: Miscellaneous personal services experienced an average inflation rate of 3.53% per year. This rate of change indicates significant inflation. In other words, miscellaneous personal services costing $20 in the year 1994 would cost $56.64 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for miscellaneous personal services was higher.
In the year 1994: Pricing changed by 5.27%, which is above the average yearly change for miscellaneous personal services during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), inflation for miscellaneous personal services was higher.
Below are calculations of equivalent buying power for Miscellaneous personal services, over time, for $20 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1994 | $20.00 | 5.27% |
1995 | $21.02 | 5.09% |
1996 | $22.01 | 4.70% |
1997 | $23.08 | 4.87% |
1998 | $23.96 | 3.83% |
1999 | $24.81 | 3.52% |
2000 | $25.75 | 3.82% |
2001 | $26.86 | 4.29% |
2002 | $28.01 | 4.28% |
2003 | $28.94 | 3.33% |
2004 | $30.00 | 3.66% |
2005 | $30.93 | 3.11% |
2006 | $32.02 | 3.50% |
2007 | $33.17 | 3.62% |
2008 | $34.60 | 4.29% |
2009 | $35.16 | 1.64% |
2010 | $36.14 | 2.78% |
2011 | $37.04 | 2.49% |
2012 | $38.05 | 2.72% |
2013 | $38.99 | 2.47% |
2014 | $39.78 | 2.04% |
2015 | $40.76 | 2.47% |
2016 | $42.04 | 3.12% |
2017 | $43.28 | 2.95% |
2018 | $44.89 | 3.73% |
2019 | $45.82 | 2.08% |
2020 | $46.62 | 1.73% |
2021 | $47.50 | 1.90% |
2022 | $50.55 | 6.41% |
2023 | $54.14 | 7.10% |
2024 | $56.64 | 4.62%* |
* 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 Miscellaneous personal services:
Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 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 | 53.900 | 56.277 | 60.962 | 69.185 | 78.469 | 88.923 | 100.900 | 110.185 | 117.377 | 125.108 | 133.862 | 140.269 | 148.069 | 158.400 | 168.838 | 177.500 | 186.108 | 195.923 | 205.900 | 215.569 | 226.077 | 234.738 | 243.008 | 252.292 | 263.108 | 274.362 | 283.500 | 293.885 | 303.038 | 313.631 | 324.984 | 338.921 | 344.469 | 354.052 | 362.854 | 372.723 | 381.912 | 389.697 | 399.333 | 411.794 | 423.960 | 439.760 | 448.898 | 456.671 | 465.353 | 495.203 | 530.364 | 554.893 |