According to the U.S. Bureau of Labor Statistics, prices for other services were 9.33% higher in 2020 versus 2014 (a $1.87 difference in value).
Between 2014 and 2020: Other services experienced an average inflation rate of 1.50% per year. In other words, other services costing $20 in the year 2014 would cost $21.87 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% during this same period, inflation for other services was higher.
In the year 2014: Pricing changed by 1.71%, which is above the average yearly change for other services during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for other services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other services:
Below are calculations of equivalent buying power for Other 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|