According to the U.S. Bureau of Labor Statistics, prices for other personal services are 41.04% higher in 2023 versus 2012 (a $8.21 difference in value).
Between 2012 and 2023: Other personal services experienced an average inflation rate of 3.18% per year. This rate of change indicates significant inflation. In other words, other personal services costing $20 in the year 2012 would cost $28.21 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.59% during this same period, inflation for other personal services was higher.
In the year 2012: Pricing changed by 2.26%, which is below the average yearly change for other personal services during the 2012-2023 time period. Compared to inflation for all items in 2012 (2.07%), inflation for other personal services was higher.
Below are calculations of equivalent buying power for Other personal services, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2012 | $20.00 | 2.26% |
2013 | $20.45 | 2.27% |
2014 | $20.82 | 1.79% |
2015 | $21.31 | 2.35% |
2016 | $21.91 | 2.81% |
2017 | $22.46 | 2.51% |
2018 | $23.20 | 3.32% |
2019 | $23.74 | 2.32% |
2020 | $24.40 | 2.77% |
2021 | $25.18 | 3.20% |
2022 | $26.69 | 6.00% |
2023 | $28.21 | 5.69%* |
* 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 Other personal services:
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 100.000 | 101.164 | 102.926 | 105.254 | 107.646 | 109.570 | 112.145 | 115.300 | 118.192 | 122.113 | 124.941 | 128.407 | 132.511 | 140.464 | 148.455 |