According to the U.S. Bureau of Labor Statistics, prices for miscellaneous personal services are 21.85% higher in 2021 versus 2013 (a $4.37 difference in value).
Between 2013 and 2021: Miscellaneous personal services experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, miscellaneous personal services costing $20 in the year 2013 would cost $24.37 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.91% during this same period, inflation for miscellaneous personal services was higher.
In the year 2013: Pricing changed by 2.47%, which is below the average yearly change for miscellaneous personal services during the 2013-2021 time period. Compared to inflation for all items in 2013 (1.46%), inflation for miscellaneous personal services was higher.
Below are calculations of equivalent buying power for Miscellaneous personal services, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miscellaneous personal services: