According to the U.S. Bureau of Labor Statistics, prices for other personal services were 18.99% higher in 2021 versus 2014 (a $3.80 difference in value).
Between 2014 and 2021: Other personal services experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, other personal services costing $20 in the year 2014 would cost $23.80 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.52% during this same period, inflation for other personal services was higher.
In the year 2014: Pricing changed by 1.79%, which is below the average yearly change for other personal services during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for other personal services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other personal services:
Below are calculations of equivalent buying power for Other personal services, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|