According to the U.S. Bureau of Labor Statistics, prices for moving, storage, freight expense are 29.46% higher in 2024 versus 2016 (a $58.92 difference in value).
Between 2016 and 2024: Moving expenses experienced an average inflation rate of 3.28% per year. This rate of change indicates significant inflation. In other words, moving expenses costing $200 in the year 2016 would cost $258.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for moving expenses was lower.
In the year 2016: Pricing changed by 10.11%, which is significantly above the average yearly change for moving expenses during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for moving expenses was much higher.
Below are calculations of equivalent buying power for Moving expenses, over time, for $200 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $200.00 | 10.11% |
| 2017 | $202.18 | 1.09% |
| 2018 | $214.12 | 5.90% |
| 2019 | $223.51 | 4.39% |
| 2020 | $227.29 | 1.69% |
| 2021 | $249.79 | 9.90% |
| 2022 | $260.86 | 4.43% |
| 2023 | $257.88 | -1.14% |
| 2024 | $258.92 | 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 |