Moving expenses price inflation, 1997→2023

Moving Expenses Inflation Calculator

Prices for Moving Expenses, 1997-2023 ($200)

According to the U.S. Bureau of Labor Statistics, prices for moving, storage, freight expense are 101.58% higher in 2023 versus 1997 (a $203.16 difference in value).

Between 1997 and 2023: Moving expenses experienced an average inflation rate of 2.73% per year. This rate of change indicates significant inflation. In other words, moving expenses costing $200 in the year 1997 would cost $403.16 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for moving expenses was higher.

Price Inflation for Moving, storage, freight expense since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2016 (10.11%), 2021 (9.90%), and 2015 (6.36%).

View price changes for other categories
Phoenix, Arizona · Film and photographic supplies · Chicago, Illinois · Airline fares · More

Buying power of $200.00 since 1997

Below are calculations of equivalent buying power for Moving expenses, over time, for $200 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$200.00	-
1998	$204.35	2.18%
1999	$210.11	2.82%
2000	$218.32	3.91%
2001	$227.38	4.15%
2002	$233.14	2.53%
2003	$238.51	2.30%
2004	$241.71	1.34%
2005	$252.74	4.56%
2006	$259.00	2.48%
2007	$258.74	-0.10%
2008	$259.73	0.38%
2009	$252.80	-2.67%
2010	$249.80	-1.19%
2011	$249.02	-0.31%
2012	$256.91	3.17%
2013	$260.24	1.30%
2014	$265.19	1.90%
2015	$282.06	6.36%
2016	$310.57	10.11%
2017	$313.96	1.09%
2018	$332.50	5.90%
2019	$347.09	4.39%
2020	$352.96	1.69%
2021	$387.89	9.90%
2022	$405.08	4.43%
2023	$403.16	-0.47%*

* 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 Moving, storage, freight expense:

Year	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
CPI	100.000	102.177	105.054	109.162	113.692	116.569	119.254	120.854	126.369	129.500	129.372	129.866	126.399	124.900	124.509	128.457	130.121	132.595	141.028	155.287	156.980	166.249	173.543	176.478	193.947	202.541	201.581

Adjust moving expenses prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Moving, storage, freight expense was 100.000 in the year 1997 and 201.581 in 2023:

201.581 / 100.000 * $200 = $403.16

Therefore, according to U.S. Bureau of Labor Statistics, $200 in 1997 has the same "purchasing power" as $403.16 in 2023 (in the CPI category of Moving, storage, freight expense).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Moving, storage, freight expense in 1997. In addition to moving expenses, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.