According to the U.S. Bureau of Labor Statistics, prices for other personal services are 19.50% higher in 2023 versus 2018 (a $3.90 difference in value).
Between 2018 and 2023: Other personal services experienced an average inflation rate of 3.63% per year. This rate of change indicates significant inflation. In other words, other personal services costing $20 in the year 2018 would cost $23.90 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.71% during this same period, inflation for other personal services was lower.
In the year 2018: Pricing changed by 3.32%, which is below the average yearly change for other personal services during the 2018-2023 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 |
---|---|---|
2018 | $20.00 | 3.32% |
2019 | $20.46 | 2.32% |
2020 | $21.03 | 2.77% |
2021 | $21.70 | 3.20% |
2022 | $23.01 | 6.00% |
2023 | $23.90 | 3.89%* |
* 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 | 145.928 |