According to the U.S. Bureau of Labor Statistics, prices for moving, storage, freight expense are 68.58% higher in 2024 versus 2003 (a $137.15 difference in value).
Between 2003 and 2024: Moving expenses experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, moving expenses costing $200 in the year 2003 would cost $337.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for moving expenses was lower.
In the year 2003: Pricing changed by 2.30%, which is below the average yearly change for moving expenses during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for moving expenses was higher.
Below are calculations of equivalent buying power for Moving expenses, over time, for $200 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2003 | $200.00 | 2.30% |
2004 | $202.68 | 1.34% |
2005 | $211.93 | 4.56% |
2006 | $217.18 | 2.48% |
2007 | $216.97 | -0.10% |
2008 | $217.80 | 0.38% |
2009 | $211.98 | -2.67% |
2010 | $209.47 | -1.19% |
2011 | $208.81 | -0.31% |
2012 | $215.43 | 3.17% |
2013 | $218.23 | 1.30% |
2014 | $222.37 | 1.90% |
2015 | $236.52 | 6.36% |
2016 | $260.43 | 10.11% |
2017 | $263.27 | 1.09% |
2018 | $278.82 | 5.90% |
2019 | $291.05 | 4.39% |
2020 | $295.97 | 1.69% |
2021 | $325.27 | 9.90% |
2022 | $339.68 | 4.43% |
2023 | $335.81 | -1.14% |
2024 | $337.15 | 0.40%* |
* 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 | 2024 |
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 | 200.231 | 201.033 |