According to the U.S. Bureau of Labor Statistics, prices for miscellaneous personal services are 26.18% higher in 2024 versus 2018 (a $5.24 difference in value).
Between 2018 and 2024: Miscellaneous personal services experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, miscellaneous personal services costing $20 in the year 2018 would cost $25.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for miscellaneous personal services was higher.
In the year 2018: Pricing changed by 3.73%, which is below the average yearly change for miscellaneous personal services during the 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), inflation for miscellaneous personal services was higher.
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 |
---|---|---|
2018 | $20.00 | 3.73% |
2019 | $20.42 | 2.08% |
2020 | $20.77 | 1.73% |
2021 | $21.16 | 1.90% |
2022 | $22.52 | 6.41% |
2023 | $24.12 | 7.10% |
2024 | $25.24 | 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 |