According to the U.S. Bureau of Labor Statistics, prices for other services were 535.46% higher in 2021 versus 1976 (a $107.09 difference in value).
Between 1976 and 2021: Other services experienced an average inflation rate of 4.19% per year. This rate of change indicates significant inflation. In other words, other services costing $20 in the year 1976 would cost $127.09 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.46% during this same period, inflation for other services was higher.
In the year 1976: Pricing changed by 6.06%, which is above the average yearly change for other services during the 1976-2021 time period. Compared to inflation for all items in 1976 (5.75%), inflation for other services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other services:
Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
CPI | 35.983 | 38.058 | 39.942 | 42.200 | 44.375 | 45.617 | 47.675 | 51.300 | 55.050 | 58.383 | 62.042 | 66.517 | 71.942 | 78.775 | 86.142 | 93.592 | 100.133 | 106.650 | 113.183 | 119.550 | 125.683 | 132.608 | 140.925 | 150.167 | 159.792 | 168.483 | 176.983 | 185.425 | 193.267 | 201.342 | 209.558 | 216.900 | 223.100 | 229.858 | 238.025 | 246.392 | 254.400 | 261.217 | 268.342 | 277.500 | 285.553 | 295.776 | 303.997 | 309.612 | 314.439 | 322.330 | 328.755 | 334.386 | 339.392 | 346.036 | 347.780 | 352.730 | 358.851 | 367.817 | 371.002 |
Below are calculations of equivalent buying power for Other services, over time, for $20 beginning in 1976. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1976 | $20.00 | 6.06% |
1977 | $21.25 | 6.27% |
1978 | $22.79 | 7.21% |
1979 | $24.64 | 8.16% |
1980 | $26.99 | 9.50% |
1981 | $29.51 | 9.35% |
1982 | $32.06 | 8.65% |
1983 | $34.30 | 6.99% |
1984 | $36.53 | 6.51% |
1985 | $38.77 | 6.13% |
1986 | $40.95 | 5.63% |
1987 | $43.05 | 5.13% |
1988 | $45.43 | 5.51% |
1989 | $48.28 | 6.27% |
1990 | $51.44 | 6.56% |
1991 | $54.74 | 6.41% |
1992 | $57.72 | 5.44% |
1993 | $60.63 | 5.05% |
1994 | $63.52 | 4.77% |
1995 | $66.21 | 4.23% |
1996 | $68.97 | 4.18% |
1997 | $71.79 | 4.08% |
1998 | $74.30 | 3.50% |
1999 | $76.43 | 2.86% |
2000 | $78.74 | 3.03% |
2001 | $81.54 | 3.55% |
2002 | $84.40 | 3.52% |
2003 | $87.15 | 3.25% |
2004 | $89.48 | 2.68% |
2005 | $91.92 | 2.73% |
2006 | $95.06 | 3.41% |
2007 | $97.82 | 2.90% |
2008 | $101.32 | 3.58% |
2009 | $104.14 | 2.78% |
2010 | $106.06 | 1.85% |
2011 | $107.72 | 1.56% |
2012 | $110.42 | 2.51% |
2013 | $112.62 | 1.99% |
2014 | $114.55 | 1.71% |
2015 | $116.26 | 1.50% |
2016 | $118.54 | 1.96% |
2017 | $119.14 | 0.50% |
2018 | $120.83 | 1.42% |
2019 | $122.93 | 1.74% |
2020 | $126.00 | 2.50% |
2021 | $127.09 | 0.87%* |