Other services price inflation, 2021→2024

Other Services Inflation Calculator

Prices for Other Services, 2021-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other services are 10.57% higher in 2024 versus 2021 (a $2.11 difference in value).

Between 2021 and 2024: Other services experienced an average inflation rate of 3.41% per year. This rate of change indicates significant inflation. In other words, other services costing $20 in the year 2021 would cost $22.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.98% during this same period, inflation for other services was lower.

In the year 2021: Pricing changed by 2.18%, which is below the average yearly change for other services during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for other services was lower.

Price Inflation for Other services since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (9.50%), 1981 (9.33%), and 1982 (8.64%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Other 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	2.18%
2022	$20.65	3.25%
2023	$21.51	4.15%
2024	$22.11	2.82%*

* 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 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	2022	2023	2024
CPI	35.985	38.069	39.969	42.192	44.392	45.615	47.677	51.292	55.069	58.408	62.054	66.454	71.877	78.708	86.054	93.485	100.008	106.492	113.000	119.377	125.708	132.600	140.900	150.169	159.800	168.508	176.977	185.423	193.262	201.362	209.577	216.915	223.108	229.869	238.038	246.408	254.400	261.254	268.362	277.492	285.559	295.780	303.992	309.602	314.431	322.304	328.746	334.384	339.394	346.037	347.781	352.732	358.850	367.812	375.824	388.055	404.160	415.545

Adjust other services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2021 * 2021 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other services was 375.824 in the year 2021 and 415.545 in 2024:

415.545 / 375.824 * $20 = $22.11

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $22.11 in 2024 (in the CPI category of Other services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other services in 1967. In addition to other services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.