According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence are 51.42% higher in 2022 versus 2006 (a $10.28 difference in value).
Between 2006 and 2022: Owners' equivalent rent of primary residence experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 2006 would cost $30.28 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.34% during this same period, inflation for owners' equivalent rent of primary residence was higher.
In the year 2006: Pricing changed by 3.49%, which is above the average yearly change for owners' equivalent rent of primary residence during the 2006-2022 time period. Compared to inflation for all items in 2006 (3.23%), inflation for owners' equivalent rent of primary residence was higher.
Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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 Owners' equivalent rent of primary residence: