According to the U.S. Bureau of Labor Statistics, prices for miscellaneous personal services were 1.16% higher in 2021 versus 2020 (a $0.23 difference in value).
Between 2020 and 2021: Miscellaneous personal services experienced an average inflation rate of 1.16% per year. In other words, miscellaneous personal services costing $20 in the year 2020 would cost $20.23 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.82% during this same period, inflation for miscellaneous personal services was lower.
In the year 2020: Pricing changed by 1.73%, which is above the average yearly change for miscellaneous personal services during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|