According to the U.S. Bureau of Labor Statistics, prices for other personal services are 13.24% higher in 2022 versus 2018 (a $2.65 difference in value).
Between 2018 and 2022: Other personal services experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, other personal services costing $20 in the year 2018 would cost $22.65 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.25% during this same period, inflation for other personal services was lower.
In the year 2018: Pricing changed by 3.32%, which is above the average yearly change for other personal services during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for other personal services was higher.
Below are calculations of equivalent buying power for Other personal services, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other personal services: