According to the U.S. Bureau of Labor Statistics, prices for other services were 10.75% higher in 2021 versus 2014 (a $2.15 difference in value).
Between 2014 and 2021: Other services experienced an average inflation rate of 1.47% per year. In other words, other services costing $20 in the year 2014 would cost $22.15 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for other services was lower.
In the year 2014: Pricing changed by 1.71%, which is above the average yearly change for other services during the 2014-2021 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:
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 | 346.035 | 347.780 | 352.730 | 358.851 | 367.817 | 370.322 |
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 |
---|---|---|
2014 | $20.00 | 1.71% |
2015 | $20.30 | 1.50% |
2016 | $20.70 | 1.96% |
2017 | $20.80 | 0.50% |
2018 | $21.10 | 1.42% |
2019 | $21.46 | 1.74% |
2020 | $22.00 | 2.50% |
2021 | $22.15 | 0.68%* |