According to the U.S. Bureau of Labor Statistics, prices for miscellaneous personal services were 25.88% higher in 2020 versus 2011 (a $5.18 difference in value).
Between 2011 and 2020: Miscellaneous personal services experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, miscellaneous personal services costing $20 in the year 2011 would cost $25.18 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.56% during this same period, inflation for miscellaneous personal services was higher.
In the year 2011: Pricing changed by 2.49%, which is below the average yearly change for miscellaneous personal services during the 2011-2020 time period. Compared to inflation for all items in 2011 (3.16%), inflation for miscellaneous personal services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miscellaneous personal services:
Below are calculations of equivalent buying power for Miscellaneous personal services, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|