According to the U.S. Bureau of Labor Statistics, prices for other personal services are 4.36% higher in 2022 versus 2021 (a $0.87 difference in value).
Between 2021 and 2022: Other personal services experienced an average inflation rate of 4.36% per year. This rate of change indicates significant inflation. In other words, other personal services costing $20 in the year 2021 would cost $20.87 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.31% during this same period, inflation for other personal services was lower.
In the year 2021: Pricing changed by 3.20%, which is below the average yearly change for other personal services during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for other personal services was lower.
Below are calculations of equivalent buying power for Other personal services, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2021 | $20.00 | 3.20% |
2022 | $20.87 | 4.36%* |
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 |
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 | 138.286 |