According to the U.S. Bureau of Labor Statistics, prices for miscellaneous personal services were 3.82% higher in 2020 versus 2018 (a $0.76 difference in value).
Between 2018 and 2020: Miscellaneous personal services experienced an average inflation rate of 1.89% per year. In other words, miscellaneous personal services costing $20 in the year 2018 would cost $20.76 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for miscellaneous personal services was higher.
In the year 2018: Pricing changed by 3.73%, which is above the average yearly change for miscellaneous personal services during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), inflation for miscellaneous personal services was higher.
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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|